Which of the following is NOT a feature of a revocable living trust?
A) It can be used as a device for saving estate taxes.
B) On the death of the settlor,the living trust becomes irrevocable.
C) It allows the settlor to manage and retain full control over the assets of the trust.
D) It allows the settlor to name himself or herself as trustee.
Correct Answer:
Verified
Q2: MATCHING:
-A resulting trust in which property is
Q15: Courts frequently use resulting trusts to settle
Q16: MATCHING:
-A trust that may not be amended,
Q19: If a settlor wishes to see how
Q19: MATCHING:
-A trust for which the trustee has
Q21: Which is NOT an essential element of
Q22: Which trust is in the form of
Q23: Which of the following is a type
Q26: Which is NOT a requirement for an
Q27: Which of the following is generally a
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