What is included in a spray trust?
A) Built-in spendthrift provisions
B) Fixed amount of income is given annually to a beneficiary
C) Fixed amount of income is given annually to a charity
D) None of the above
Correct Answer:
Verified
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
Q11: What term describes a trust allowing the
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
Q17: What is a "pour-over trust"?
A) Implied trust
B)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents