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Author Question: A charitable trust can't have which beneficiary? (Read 175 times)

SO00

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Question 1

In a marital trust, when the first spouse dies:


◦ The surviving spouse is the beneficiary of both portions of the trust and the children are the beneficiaries of the remaining interest
◦ One portion of the trust become irrevocable called the bypass trust
◦ The bypass trust is funded with the deceased spouse's exemption amount
◦ All of these

Question 2

A charitable trust can't have which beneficiary?


◦ A religious organization
◦ An educational purpose
◦ A science foundation
◦ A grandchild


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Marked as best answer by SO00 on Mar 2, 2019

leahchrapun

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SO00

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Excellent



leahchrapun

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Great! Please up vote :D



 

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