Solved

In the Context of a Family-Owned Business, Which of the Following

Question 24

Multiple Choice

In the context of a family-owned business, which of the following is a disadvantage of a living trust?


A) The business goes to the designated heirs without going through probate court.
B) Property can be put into the trust while the owner is alive.
C) The ownership still remains with the owner after transferring the title to the trust.
D) The title on real estate and securities must be changed to the name of the trust.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents