MATCHING:
-A trust that is established when the value of property exceeds the amount needed for the purpose of a private express trust
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
Q1: MATCHING:
-A trust that provides a fund for
Q2: MATCHING:
-A resulting trust in which property is
Q4: All trusts must be either express or
Q5: A living trust can decrease income taxes.
Q6: MATCHING:
-A trust that is declared void for
Q7: A trust that provides income payments to
Q8: Charitable trusts, as public trusts, must benefit
Q9: If a settlor wishes to see how
Q10: The law will permit a public trust
Q11: On the death of the settlor, a
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