[Family Trust] Jasmine had made lots of money in the stock market.She was getting older and was concerned about the integrity of her children and grandchildren who seemed unwilling to work.She decided that she would place the majority of her money in a trust and instruct that it be distributed only to family members who were gainfully employed or attending school on a full-time basis throughout the next twenty years.The remainder of the trust at that time was to be given to a local animal shelter.She also told her lawyer,Bao,that although she was in good health and mind at the present time,she would like a document drawn up giving her daughter Erica the power to make decisions for her,including financial decisions,should her health deteriorate to the point that she could not handle her own affairs.
-What is the appropriate term for a person or entity that receives a portion of the trust corpus when a trust is terminated?

Question

Quizplus · Accepted Answer

A)When the trust is terminated,a designated person called a remainderman receives
the trust corpus.
B)When the trust is terminated,a designated person called a remainderman receives the trust corpus.
C)When the trust is terminated,a designated person called a remainderman receives the trust corpus.
D)When the trust is terminated,a designated person called a remainderman receives the trust corpus.
E)When the trust is terminated,a designated person called a remainderman receives the trust corpus.

[Family Trust] Jasmine Had Made Lots of Money in the Stock