Which Would Be a Reason for the Creation of a Trust

question 30

Multiple Choice

Which would be a reason for the creation of a trust?

• A)To save taxes but incur probate expenses
• B)To encourage spendthrift beneficiaries to deplete the trust fund
• C)For religious, educational, or charitable purposes
• D)To appoint a property guardian for a minor

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Definitions:

Overt Discrimination

Discriminatory actions or behaviors that are open, intentional, and plainly observed.

Subtle Discrimination

Discriminatory actions or behaviors that are not overt or direct, often manifesting in less visible but equally harmful ways.

Economic Costs

The total cost of choosing one action over others, representing both the direct and opportunity costs.

Valuing Diversity

The recognition and appreciation of the differences in culture, background, and perspective among individuals within a group.