A trust that gives the trustee the power to determine how the trust income or principal is to be allocated among a group of beneficiaries is

Name: A trust that gives the trustee the power to determine how the trust income or principal is to be allocated among a group of beneficiaries is
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Question

Quizplus · Accepted Answer

All the terms "sprinkling trust," "spray trust," and "discretionary trust" refer to types of trusts where the trustee has the discretion to decide how the income or principal is distributed among the beneficiaries.

A Trust That Gives the Trustee the Power to Determine