« previous next »

Author Question: A trust can even be set up so that the beneficiary never directly receives the trust assets, as the ... (Read 81 times)

abarnes

  • Hero Member
  • *****
  • Posts: 556
on: Mar 2, 2019

Question 1

Charitable lead trusts are:


◦ Revocable
◦ Irrevocable
◦ Express trusts
◦ Given via annuities

Question 2

A trust can even be set up so that the beneficiary never directly receives the trust assets, as the trustee can be given the authority to pay on the beneficiaries behalf.


◦ true
◦ false
Wills, Trusts, and Estates Administration ¦ Herskowitz ¦ 5th Edition
Buy Test-Bank


chem1s3

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Mar 2, 2019

Answer 1

Irrevocable

Answer 2

true


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Photograph of a child with a cochlear implant. This device sends electrical impulses directly to the Photograph of a child with a cochlear implant. This device sends electrical impulses directly to the
Traction is the application of a pulling force to maintain bone alignment during fracture healing. D Traction is the application of a pulling force to maintain bone alignment during fracture healing. D
Pulse oximetry with the sensor probe applied securely, flush with skin, making sure that both sensor Pulse oximetry with the sensor probe applied securely, flush with skin, making sure that both sensor
Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de
A well-folded letter fits easily into the envelope and is easily removed by the person who receives ... A well-folded letter fits easily into the envelope and is easily removed by the person who receives ...
Relationship between Trust and Investment Relationship between Trust and Investment
Video: Kidney Stones

For a complete list of videos, visit our video library