If Your Beneficiary Is Too Young or Unable to Handle

question 12

Multiple Choice

If your beneficiary is too young or unable to handle money wisely,which kind of trust allows the beneficiary to receive small amounts of money at specified intervals?

• A)A spendthrift trust
• B)A charitable lead trust
• C)A charitable reminder trust
• D)A self-declaration trust
• E)A generation-skipping trust

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Definitions:

Ideological

Relating to or based on a system of beliefs, values, or ideas that characterizes a particular culture or group.

Contingent

Reliant on another factor and not guaranteed or definitive.

Mandatory Minimum

A type of criminal sentence determined by law that establishes the minimum length of prison time that must be served for certain offenses.

Punitive Policies

Strategies or laws that are intended to punish individuals or entities for misconduct or crimes.