Which of the following is false a trust?
A) Interest may be generated by a trust.
B) Income may be paid to a person identified as an income beneficiary.
C) A person entitled to income must be the person entitled to the trust corpus.
D) A trust may be created to protect a pet.
E) A trust may be created for tax reasons.

Question

Quizplus · Accepted Answer

Often, income is paid to an income beneficiary, who may or may not have access to the trust corpus.

Which of the Following Is False a Trust