To celebrate their 25th wedding anniversary, Juan and Maria Fuentes created a trust transferring more than $250,000 worth of real property to Capitol Trust Company for the benefit of the River City University scholarship program. They did not retain any right to a return of the property. They created a(n)
A) irrevocable testamentary trust.
B) revocable living trust.
C) marital life estate trust.
D) irrevocable inter-vivos trust.
Correct Answer:
Verified
Q33: A living will is sometimes called a(n)
A)directive
Q34: The person who creates a trust is
Q35: Mary Banks died without leaving a will.
Q36: Most modest estates are exempt from any
Q37: An effective estate plan should include
A)a formal
Q39: If you create a will,
A)probate is avoided.
B)the
Q40: Estate planning is the name given the
Q41: A trust designed for the benefit of
Q42: Which of the following is not necessary
Q43: A durable power of attorney
A)is another term
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents