A Trust That Features a Demand Provision by a Beneficiary

question 47

Multiple Choice

A trust that features a demand provision by a beneficiary equal to the annual exclusion is

• A)an irrevocable trust.
• B)a revocable trust.
• C)a Crummy trust.
• D)a trust established under the UTMA.

Understand the political factions and parties of the Gilded Age, their policies, and their impacts on society.

Describe the economic consequences of policies such as the discovery of silver mines, tariff and tax systems, and legislation like the Bland-Allison Act and the Sherman Silver Purchase Act.

Analyze the motivations behind and the effects of the coinage of silver.

Recognize important legislation of the period, such as the Pendleton Civil Service Act, the Interstate Commerce Act, and civil rights legislation, and understand their objectives and impacts.

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Definitions:

Demandingness

The degree to which parents or guardians expect and require responsible, mature behavior from their children.

Moderately Achievement Oriented

Refers to an individual's tendency to aspire for success and accomplishment in tasks with a balanced level of ambition and realism.

Illicit Behavior

Acts that are forbidden by law, rules, or custom.

Drug Use

The consumption of substances for their psychoactive effects, which can range from prescribed medications to illegal narcotics.