Multiple Choice
MATCHING:
-A trust that is established when the value of property exceeds the amount needed for the purpose of a private express trust
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
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
Q5: Which of the following is generally a
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