Multiple Choice
Which is NOT an advantage of using a revocable living trust as a substitute for a will?
A) The need for court-appointed guardians for minors is eliminated.
B) Publicity is avoided.
C) The settlor maintains ownership of assets.
D) A living trust is not under the control or supervision of the probate court.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: MATCHING:<br>-A trust made when a settlor retains
Q2: If a settlor wishes to see how
Q4: MATCHING:<br>-A trust for which the trustee has
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