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.

---

Definitions:

Healthy

A state of complete physical, mental, and social well-being and not merely the absence of disease or infirmity.

Discrepant

Markedly differing or inconsistent, often used in describing contrasting opinions, results, or phenomena.

Psychology

The analysis of the cognitive functions of the human brain and their effect on behavior in distinct scenarios.

Freud

An Austrian neurologist best known for founding the psychoanalytic method of psychology, focusing on unconscious motives and conflicts.