The characteristics of a spendthrift trust include which of the following?
A) Spendthrift provisions are not valid in most states.
B) Trust creditors can never seize income from a spendthrift trust.
C) A settlor may provide, in a spendthrift trust, that the beneficiary cannot, by assignment or otherwise, impair her rights to receive principal or income.
D) All of these.
Correct Answer:
Verified
Q44: Which of the following will be acceptable
Q45: Which of the following statements about wills
Q46: A valid will must be witnessed. Which
Q47: Probate is the:
A) reading of a will
Q48: A trust will fail for lack of:
A)
Q50: A trustee has a duty to make
Q51: Testamentary capacity refers to:
A) the age of
Q52: In most states, a trustee's investment decisions
Q53: An amendment to a will is called
Q54: A trust created by will and effective
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