Author Question: A standard family trust is all of the following except (Read 38 times)

lb_gilbert · **on:** Apr 14, 2019

Question 1

In which of the following does the grantor no longer own the assets of the trust?

◦ Revocable living trust
◦ Irrevocable living trust
◦ retirement trust
◦ Durable attorney's trust

Question 2

A standard family trust is all of the following
except

◦ it is established for children in a family.
◦ it is created by wills.
◦ it is used to minimize taxes.
◦ it is a living trust.

duy1981999 · **Reply #1 on:** Apr 14, 2019

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