A precatory trust is a trust by the court's decree, rather than by a trustor's design.
Correct Answer:
Verified
Q29: A sprinkling trust is also called a
Q30: A trustee's discretion may be an advantage
Q31: A resulting trust occurs when a buyer
Q32: A constructive trust is a type of
Q33: A precatory trust is an implied trust.
Q35: A "pour-over trust" is a section in
Q36: After the death of the trustor, his
Q37: The marital deduction is not taxable under
Q38: The credit-shelter trust provides for the surviving
Q39: The absolute ownership of the property is
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