Multiple Choice
MATCHING:
-A trust for which the trustee has the authority and discretion to accumulate or distribute trust income or principal, or both, among the trust beneficiaries in varying amounts
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
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.
Q10: MATCHING:<br>-An express trust that can be either
Q11: The law will permit a public trust