Multiple Choice
Which of the following is generally a pre-death task in the administration of a trust?
A) Filing the annual individual income tax returns
B) Opening a checking account for the trust
C) Preparing a schedule of property held outside the trust
D) Requesting discharge as trustee
Correct Answer:
Verified
Correct Answer:
Verified
Q1: MATCHING:<br>-A trust made when a settlor retains
Q2: If a settlor wishes to see how
Q3: Which is NOT an advantage of using
Q4: MATCHING:<br>-A trust for which the trustee has
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.
Q10: MATCHING:<br>-An express trust that can be either
Q11: The law will permit a public trust