A Revocable Living Trust Set Up by a Person for the Benefit

question 18

True/False

A revocable living trust set up by a person for the benefit of his or her children from a prior marriage may be revoked by the second spouse upon the death of the person who set up the trust.

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Definitions:

Unethical Decisions

Choices that go against moral principles and guidelines.

Magnitude of Consequences

The extent or severity of the outcomes resulting from an action or event.

Moral Importance

The significance or value given to actions based on their perceived rightness or wrongness, often guiding ethical decision making.

Ethics Competency

An individual's or organization's capability to recognize ethical dilemmas, make informed ethical decisions, and act in an ethically responsible manner.