Solved

Match the Descriptions with Their Terms

Question 27

Multiple Choice

Match the descriptions with their terms:
-A/An ________________ is the person or organization that holds legal ownership to trust property and is responsible for the administration of the trust assets.


A) administrator
B) charitable deduction
C) credit shelter trust
D) decedent
E) estate tax
F) Financial planning
G) inheritance tax
H) inter vivos
I) intestate
J) living trust
K) marital deduction
L) net payment index
M) Probate
N) probate court
O) surrender cost index
P) testamentary trust
Q) trustee
R) unified transfer tax credit

Correct Answer:

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