A Trust That Features a Demand Provision by a Beneficiary

question 47

Multiple Choice

A trust that features a demand provision by a beneficiary equal to the annual exclusion is

• A)an irrevocable trust.
• B)a revocable trust.
• C)a Crummy trust.
• D)a trust established under the UTMA.

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Definitions:

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An American multinational energy corporation involved in every aspect of oil, natural gas, and geothermal energy industries.

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Business Process Improvement, a management exercise in which a company measures its current processes and identifies ways to improve them in order to enhance performance and efficiency.

BPR

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