With Respect to a Trust, the Terms Creator, Donor, and Grantor

question 43

True/False

With respect to a trust, the terms creator, donor, and grantor are synonyms.

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Definitions:

Provision

A specific requirement or condition stipulated in a legal document, such as a contract or regulation.

Trademark Logo

A specifically designed sign or emblem that legally identifies goods, services, or a company as being unique or proprietary.

Intellectual Asset

An intellectual asset is knowledge, information, or a creative expression that has value to an organization or individual and is legally protected, such as patents, trademarks, and copyrights.

Licence

The right to use property in common with others.