A settlor is allowed to revoke a trust even if he or she does not expressly reserve the right to revoke the trust.True false question.TrueFalse

Analysis of the Statement

1. Understanding Trust Revocation: A trust can be revocable or irrevocable. Revocable trusts allow the settlor to revoke or amend the trust, whereas irrevocable trusts do not have this provision.

2. Express Reservation of Rights: The requirement for a settlor to expressly reserve the right to revoke is typically specified in the trust document. If no such reservation exists, the trust may be deemed irrevocable.

3. Legal Precedents: In many jurisdictions, the law supports that if a trust is drafted without an explicit right of revocation, the settlor cannot simply revoke it unless otherwise stated by statute.

Conclusion

Based on these points, the statement "A settlor is allowed to revoke a trust even if he or she does not expressly reserve the right to revoke the trust" is False. The ability to revoke a trust usually hinges on whether the settlor has explicitly reserved that right in the trust document.