A Sec. "2503(c)trust

question 93

Multiple Choice

A Sec. "2503(c) trust"

• A)is a discretionary trust for a beneficiary of any age.
• B)is intended for beneficiaries over the age of 20.
• C)requires distribution of trust assets to the beneficiary at age 21.
• D)can be formed only by the parent(s)of the beneficiaries.

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Definitions:

At-Will Employment

Employment arrangement where either the employer or the employee can terminate the employment relationship at any time without prior notice, for any reason not prohibited by law.

United States

A federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

Disparate-Treatment Discrimination

A form of discrimination in which an employee or job applicant is treated unfavorably because of their race, color, national origin, sex, or religion in comparison to others.

Disparate-Impact Discrimination

Unintentional discrimination that occurs when a neutral policy disproportionately affects a protected group.