Which Statement Is Not True of Trusts

question 14

Multiple Choice

Which statement is not true of trusts?

• A) Legal and beneficial ownership reside in the same entity
• B) There are four parties involved: the grantor,the settlor,the donor and the beneficiary
• C) A grantor can create a trust after her own death.
• D) Trust documents are filed with the county court and are public documents.

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Definitions:

Locked Cabinet

A secure storage unit with a lock mechanism used to prevent unauthorized access, often for safety or security.

Requisition

A formal request from a staff member or doctor for the purchase of equipment or supplies.

Purchase Order

A formal document issued by a buyer to a seller, specifying the products, quantities, and agreed prices for products or services the seller will provide to the buyer.

ROM

Acronym for Read-Only Memory, a type of non-volatile storage medium that permanently stores data on personal computers and other electronic devices.