What are Life Principles and what should one consider when ...

[misspop]

What are Life Principles and what should one consider when developing his or her own Life Principles?

Question 2

In order to travel extensively and not worry about handling her affairs, Lee transfers most of her assets into a trust, with her bank serving as trustee. She has created ________ trust.
 A) a travel
 B) a testamentary
 C) a constructive
 D) an inter vivos

[k.lashomb]

Answer to Question 1

Life Principles are the rules by which people live their lives. People's Life Principles should be based on their own values and should include their rules on lying, stealing, cheating, applying the same or different standards at home and work, and their responsibility as a bystander when they see other people doing wrong. In addition, Life Principles should be specific rather than general. It is also important to keep in mind that no matter what you say, every ethics decision you make illustrates your actual Life Principles.




Answer to Question 2

D