A Unique Feature of a Self-Declaration Trust Is That the Creator

question 81

True/False

A unique feature of a self-declaration trust is that the creator of the trust is also the trustee.

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Definitions:

Cease-and-Desist Order

A legal injunction ordering an individual or organization to stop engaging in a specified activity or behavior.

Federal Trade Commission

A U.S. federal agency responsible for protecting consumers and promoting competition by preventing anticompetitive, deceptive, and unfair business practices.

Reasonable Basis

A logical, fact-based foundation for a belief, action, or decision, indicating that due diligence has been exercised.

Itemization

The process of listing individual items or services separately, often in billing or accounting.