The person who receives the assets of a trust upon its termination is known as the "income beneficiary."
Correct Answer:
Verified
Q68: If the testator's estate is not large
Q69: The United States Supreme Court has not
Q70: A videotaped will is preferred by the
Q71: If a person dies without a will,property
Q72: The use of a living trust reduces
Q72: The primary purpose of using a living
Q74: When a testator leaves her property to
Q75: "Ademption" means that if a specific bequest
Q76: A "constructive" trust is implied from the
Q77: With a trust,all aspects of title to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents