What Is a Trust Corpus

question 73

Multiple Choice

What is a trust corpus?

• A)property and asset that are claimed in case of intestacy
• B)property and assets that the trustee has an equitable right to
• C)property and assets escheated to the government in the absence of a trustee
• D)properties and assets held in trust to be used for the benefit of a third person

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Definitions:

Acoustic Encoding

The process of remembering and understanding something you hear.

Rehearsal

The cognitive process of repeatedly practicing or going over information to aid in memory retention.

Sensory Memory

A type of memory that holds sensory information for a few seconds or less after an item is perceived.

Procedural Memory

A type of long-term memory that enables individuals to perform tasks without conscious awareness, such as riding a bike or typing on a keyboard.