Which of the Following Is Generally a Pre-Death Task in the Administration

question 5

Multiple Choice

Which of the following is generally a pre-death task in the administration of a trust?

• A)Filing the annual individual income tax returns
• B)Opening a checking account for the trust
• C)Preparing a schedule of property held outside the trust
• D)Requesting discharge as trustee

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Definitions:

Financing Activities

Transactions that involve raising capital or repaying investors, such as issuing equity or taking on new loans.

Issuing Bonds

The process by which a corporation or government raises funds by selling bonds to investors, with the promise to pay back the principal along with interest on specified dates.

Affects

Impacts or influences an outcome, result, or condition.

Common Stock

An equity security that represents ownership in a corporation, entitling holders to vote at shareholder meetings and receive dividends.