Calvin Transfers Land to a Trust

question 78

Multiple Choice

Calvin transfers land to a trust. Calvin retains the right to the income from the land for the rest of his life. Upon his death, the land is to be transferred to his daughter, Melissa. Melissa's interest is

• A)a remainder interest.
• B)a life estate.
• C)a reversionary interest.
• D)a term certain.

---

Definitions:

Muscle Tension

The state of being contracted and stiff in muscles, often as a response to stress or physical activity.

Physiological Processes

The functions and activities occurring in living organisms to sustain life, including digestion, respiration, and reproduction.

Mindfulness Meditation

A form of meditation focusing on being intensely aware of what you're sensing and feeling in the moment, without interpretation or judgment.

Stress-Reduction Program

A structured set of activities or interventions designed to help individuals reduce their levels of physical, emotional, and psychological stress.