Multiple Choice
MATCHING:
-A trust that may not be amended, revoked, or canceled after its creation
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
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
Q12: Charitable trusts, as public trusts, must benefit
Q14: MATCHING:<br>-A resulting trust in which property is
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