Multiple Choice
MATCHING:
-An express trust that can be either private or charitable
A) active trust
B) inter vivos trust
C) purchase-money resulting trust
D) failed trust
E) excessive endowment trust
F) spendthrift trust
G) sprinkling trust
H) Totten trust
I) declaration of trust
J) irrevocable living trust
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Which of the following is generally a
Q6: MATCHING:<br>-A trust that is established when the
Q7: All trusts must be either express or
Q8: MATCHING:<br>-A trust made between living persons<br>A)active trust<br>B)inter
Q9: A living trust can decrease income taxes.
Q11: The law will permit a public trust
Q12: Charitable trusts, as public trusts, must benefit
Q13: MATCHING:<br>-A trust that may not be amended,
Q14: MATCHING:<br>-A resulting trust in which property is
Q15: The money in a Totten trust is