Which of the Following Is NOT a Feature of a Revocable

question 24

Multiple Choice

Which of the following is NOT a feature of a revocable living trust?

• A)On the death of the settlor, the living trust becomes irrevocable.
• B)It can be used as a device for saving estate taxes
• C)It allows the settlor to manage and retain full control over the assets of the trust.
• D)It allows the settlor to name himself/herself as trustee.

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Definitions:

All-Natural Ice Cream

Ice cream made exclusively with natural ingredients, without artificial flavors or preservatives.

Market Price

The current price at which a good or service can be bought or sold in a competitive market.

Break-Even Price

The price point at which total revenues equal total costs, resulting in no profit or loss for the business, used as a measure of financial sustainability.

Variable Costs

Expenses that vary in relation to a company's production volume or operational activities.