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A Trust That Provides Continuity and Management of Asset Management

question 22

Multiple Choice

A trust that provides continuity and management of asset management and allows assets to bypasses probate,but which provides no income or estate tax advantages is a(n) ____ trust.


Definitions:

Positive Externalities

External benefits.

Common Resource

A type of good that is non-excludable but rivalrous, meaning it is available to everyone but its consumption by one person can limit availability to others.

Property Rights

Legal rights to possess, use, and dispose of assets.

Political Engagement

The active participation of individuals in political activities or processes to influence public policy or decision-making.

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