MATCHING:
-A trust for which the trustee has the authority and discretion to accumulate or distribute trust income or principal, or both, among the trust beneficiaries in varying amounts
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
Q14: MATCHING:
-A savings account in which money is
Q15: Courts frequently use resulting trusts to settle
Q16: MATCHING:
-A trust that may not be amended,
Q17: MATCHING:
-A trust made between living persons
A)active trust
B)inter
Q18: MATCHING:
-A trust made when a settlor retains
Q20: The Rule Against Perpetuities places a time
Q21: Which is NOT an essential element of
Q22: Which trust is in the form of
Q23: Which is NOT a subcategory of express
Q24: Which is NOT a type of resulting
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