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:

Functional Effectiveness

The degree to which a process, system, or organization achieves its intended outcome or objectives successfully.

Generalized Anxiety Disorder

An anxiety disorder in which a person is continually tense, apprehensive, and in a state of autonomic nervous system arousal.

Cultural Disorders

Health or behavioral disorders that are specific to or greatly influenced by cultural factors and beliefs.

Schizophrenia

A mental disorder characterized by abnormalities in the perception or expression of reality, leading to significant social or occupational dysfunction.