The Feature That Distinguishes a 'Discretionary' Trust from Other Forms

question 32

Multiple Choice

The feature that distinguishes a 'discretionary' trust from other forms of trust is:

• A)The trust property is divided into units by the settlor.
• B)The beneficiaries are members the settlers family.
• C)The trust has not been expressly created.
• D)The trustee has some choice about how trust property is distributed.

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Definitions:

Capital Stock

The total representation of a company's physical and financial assets that can be used to generate income, including machinery, buildings, and equipment.

Gross Domestic Product

The total market value of all finished goods and services produced within a country in a specific time period.

Illegal Goods

Products or services that are prohibited by law from being produced, traded, or consumed.

Depletion of Natural Resources

The consumption of natural resources faster than they can be replenished, leading to a reduction in their availability over time.