A trust that provides for management continuity and income flow even after the grantor's death and allows assets to bypass probate, but which provides no income or estate tax advantages, is a(n)_____ trust.

Question

Quizplus · Accepted Answer

A revocable living trust allows for management continuity and income flow after the grantor's death and permits assets to bypass probate. However, it does not offer income or estate tax advantages because the grantor retains control over the trust assets and can alter or revoke the trust at any time.

A Trust That Provides for Management Continuity and Income Flow