A Simple Trust

question 15

Multiple Choice

A simple trust

• A)may make charitable distributions.
• B)may make discretionary distributions of principal.
• C)may accumulate income.
• D)is required to distribute all of its income currently.

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Definitions:

Quebec

A province in eastern Canada, known for its French heritage, language, and culture, making it a unique part of the predominantly English-speaking country.

Treaty of Cateau-Cambresis

A series of agreements signed in 1559, ending the conflict between the French Valois and Spanish Habsburgs.

Henry II

A King of England from 1154 to 1189, known for legal reforms that laid the basis for the English common law system.

Albrecht Wallenstein

A prominent military leader and mercenary during the Thirty Years' War, known for his strategy, leadership, and complex allegiances, influencing the outcome of numerous battles.