Multiple Choice
MATCHING:
-A savings account in which money is deposited in the depositor's name as trustee for another person named as beneficiary and is payable upon the death of the depositor
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
Q15: The money in a Totten trust is
Q16: MATCHING:<br>-A trust that is declared void for
Q17: On the death of the settlor, a
Q18: Which is NOT a subcategory of express
Q19: Courts frequently use resulting trusts to settle
Q21: Which is NOT a requirement for an
Q22: Which is NOT a type of resulting
Q23: Which is NOT an essential element of
Q24: Which of the following is NOT a
Q25: The Rule Against Perpetuities places a time