What term describes a trust allowing the trustee to use discretion in deciding how much to give to each beneficiary?
A) Spray
B) Sprinkling
C) Discretionary
D) All of the above
Correct Answer:
Verified
Q6: What term describes the instrument creating a
Q7: What is a purpose of a spendthrift
Q8: What is DAPT?
A) Domestic asset protection trusts
B)
Q9: What term describes a trust established for
Q10: What Latin term means "as near as
Q12: What is included in a spray trust?
A)
Q13: What allows trust beneficiaries to withdraw the
Q14: What term describes a trust arising when
Q15: What is a precatory trust?
A) Inter vivos
Q16: What is a characteristic of a precatory
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