Which Is NOT an Advantage of Using a Revocable Living

question 28

Multiple Choice

Which is NOT an advantage of using a revocable living trust as a substitute for a will?

• A)The settlor maintains ownership of assets.
• B)Publicity is avoided.
• C)The need for court-appointed guardians for minors is eliminated.
• D)A living trust is not under the control or supervision of the probate court.

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Definitions:

Consumer

An individual or group that purchases goods or services for personal use.

Marginal Cost

The cost of producing one additional unit of a good or service, which is used in determining the optimal production level.

Streetlight

A light, typically mounted on a pole, providing illumination for a street or public area to enhance safety and visibility at night.

Willing

Generally refers to being prepared or inclined to do something, indicating a readiness or acceptance.