In the Context of a Family-Owned Business, Which of the Following

question 67

Multiple Choice

In the context of a family-owned business, which of the following is a disadvantage of a living trust?

• A) The business goes to the designated heirs without going through probate court.
• B) Property can be put into the trust while the owner is alive.
• C) The ownership still remains with the owner after transferring the title to the trust.
• D) The title on real estate and securities must be changed to the name of the trust.

---

Definitions:

Hallucinogenic Drug

A substance capable of inducing changes in perception, thought, and feeling, often resulting in hallucinations.

Research Team

A group of experts working together to conduct studies and investigations in a specific field or on a specific project.

Alcohol Use Disorder

Alcohol Use Disorder is a medical condition characterized by an impaired ability to stop or control alcohol use despite adverse social, occupational, or health consequences.

Treatment

The medical care, therapy, or intervention intended to relieve or heal a disorder, condition, or illness.