MATCHING:
-A resulting trust in which property is purchased and paid for by one person, at whose direction the seller transfers possession and title to 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
Q1: MATCHING:
-A trust that provides a fund for
Q3: MATCHING:
-A trust that is established when the
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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