A trust that provides continuity and asset management and allows assets to bypass probate,but which provides no income or estate tax advantages,is a(n)____ trust.

Question

Quizplus · Accepted Answer

A revocable living trust is created during the grantor's lifetime and can be changed or revoked by the grantor at any time. It provides continuity and asset management, and assets in the trust bypass probate. However, it does not provide any income or estate tax advantages. Therefore, option A is the correct answer.

A Trust That Provides Continuity and Asset Management and Allows