Which of the Following Is True of a Living Trust

question 60

Multiple Choice

Which of the following is true of a living trust?

• A)It comes in to effect after the death of the grantor.
• B)It helps reduce the income tax for the grantor.
• C)It can be revoked during the grantor's lifetime.
• D)It is considered a public record subject to probate.

---

Definitions:

Living Will

A legal document designating what medical treatments people want or do not want if they cannot express their wishes.

Sudden Infant Death Syndrome (SIDS)

An unexplained event, usually occurring during sleep, that results in the sudden death of an apparently healthy infant under the age of one year.

Age Range

The span of years that separates the youngest from the oldest individuals in a group or population.

Babies

Very young offspring of humans, typically considered to be from birth until about 2 years of age.