The Settlor's Retention of Control Over the Trust Arrangement Exposes

question 30

True/False

The settlor's retention of control over the trust arrangement exposes the settlor to tax liability for the trust income.

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Definitions:

Envisioning

The act of imagining or projecting a future state or goal in a detailed and vivid manner.

Energizing

To infuse with energy or vitality, invigorating and stimulating motivation or action.

Enabling

Providing the means or opportunity for someone to achieve something or to facilitate a process.

Resistance to Cultural Change

The reluctance or opposition faced when attempting to alter the established norms, values, and behaviors within a group or organization.