Match the terms with their descriptions:
-Trust
A) Trust allowing the trustee to decide how much to give to each beneficiary
B) Implied trust
C) Trust established for charitable purposes
D) After death of the trustor, the will pours the particular gift into the trust
E) Self-settled trusts having independent trustees
F) One type of marital deduction trusts
G) Form of property ownership in which someone controls the property for the benefit of another
H) Express trust that sometimes arises from the use of polite language by a trustor in a will
I) Right to beneficial enjoyment
J) Instrument creating the trust
Correct Answer:
Verified
Q53: Match the terms with their descriptions:
-Domestic asset
Q54: Match the terms with their descriptions:
-Qualified terminable
Q55: Match the terms with their descriptions:
-Public trust
A)
Q56: Match the terms with their descriptions:
-Pour-over trust
A)
Q57: Match the terms with their descriptions:
-Precatory trust
A)
Q59: Define a living trust. Compare and contrast
Q60: Define a public trust. Discuss different types
Q61: Compare and contrast a resulting trust and
Q62: Lucas wants to establish a trust that
Q63: Marion wants to establish a trust to
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