The Primary Purpose of Using a Living Trust Is to Avoid

question 60

True/False

The primary purpose of using a living trust is to avoid probate associated with using a will.

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Definitions:

Employee Motivation

The level of commitment, drive, and energy that a company's workers bring to their jobs in order to contribute to the organization's success.

Employee Stock Ownership Plan

A program that gives employees the opportunity to buy shares in the company they work for, often at a discounted price.

Company's Stock

Represents ownership shares in a corporation, giving holders a claim on parts of the company's assets and earnings.

Minimum Percentage

The lowest allowable or required fraction or rate of a quantity, often set as a standard or threshold.