What Is the Benefit(s) of a Living Trust

question 21

Multiple Choice

What is the benefit(s) of a living trust?

• A)Keeps assets in the trust out of the gross estate.
• B)Keeps assets in the trust out of the probate estate.
• C)Maintains privacy for the beneficiaries.
• D)Both (b) and (c).

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Definitions:

Motivational Theory

A theory that explores what drives individuals to initiate, direct, and sustain behaviors to achieve personal or organizational objectives.

Specialization

The degree to which jobs are narrowly defined and depend on unique expertise.

Job Variety

The degree to which a job involves different tasks, skills, and activities, often contributing to worker satisfaction and motivation.

Mass Production

Refers to the manufacturing of large quantities of standardized products, often using assembly lines or automated technology.