A trust made when a settlor retains title to property and simply declares himself or herself trustee of the property for the benefit of another person
A) active trust
B) inter vivos trust
C) purchase-money resulting trust
D) failed trust
E) excessive endowment trust
F) spendthrift trust
G) sprinkling trust
H) Totten trust
I) declaration of trust
J) irrevocable living trust
Correct Answer:
Verified
Q5: A living trust can decrease income taxes.
Q7: A trust that provides income payments to
Q8: Charitable trusts, as public trusts, must benefit
Q10: The law will permit a public trust
Q11: On the death of the settlor, a
Q12: MATCHING:
-An express trust that can be either
Q13: The money in a Totten trust is
Q14: MATCHING:
-A savings account in which money is
Q17: MATCHING:
-A trust made between living persons
A)active trust
B)inter
Q20: The Rule Against Perpetuities places a time
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