Which of the following statements is not true?
A) Everyone must have a trust to avoid probate
B) The purpose of a trust is to carry specific objectives that in the absence of a trust would otherwise be difficult to carry out
C) A trust could be used to safeguard investable funds
D) A trust could be a very useful toll when a person remarries
E) None of the above
Correct Answer:
Verified
Q30: Which of the following forms of ownership
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Q33: The personal representative disposes of the probate
Q34: Which of the following is not true
Q35: Assets held in joint tenancy with right
Q37: If a person makes $200,000 of taxable
Q38: The trustee of trust property must carry
Q39: The IRS allows certain expenses and liabilities
Q40: Which of the following items is not
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