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Which Type of Trust Requires That Income Generated from Its

question 58

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Which type of trust requires that income generated from its assets be recognized, for federal income tax purposes, by the grantor during his or her lifetime, and reported in his or her individual income tax return?


Definitions:

Rhythm

A strong, regular, repeated pattern of movement or sound.

Developmental Psychologist

is a professional who studies the psychological growth and changes that occur throughout a person's life.

Vygotsky

A Soviet psychologist, Lev Vygotsky, known for his work on cognitive development, especially the social-cultural theory of development.

Piaget

A Swiss psychologist known for his pioneering work on child development, particularly his theory of cognitive development that describes how children develop logical thinking.

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