The characteristics of a spendthrift trust include which of the following?
A) Spendthrift provisions are not valid in most states.
B) A settlor may provide, in a spendthrift trust, that the beneficiary cannot, by assignment or otherwise, impair her rights to receive principal or income.
C) Trust creditors can never seize income from a spendthrift trust.
D) All of these.
Correct Answer:
Verified
Q21: Once a trust is validly created, it
Q37: The owner of legal title to the
Q39: Taxes imposed at death include:
A) federal estate
Q40: If a person dies intestate, his property
Q41: Testamentary capacity refers to:
A) the same capacity
Q43: A trust will fail for lack of:
A)
Q43: All of the following may, in general,
Q44: A valid will must be witnessed.Which of
Q46: Probate is the:
A) actual property given away
Q47: Which of the following statements about wills
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