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:

Erie Canal

Most important and profitable of the canals of the 1820s and 1830s; stretched from Buffalo to Albany, New York, connecting the Great Lakes to the East Coast and making New York City the nation’s largest port.

Great Lakes

A group of five large, interconnected freshwater lakes located on the border between the United States and Canada, significant for their combined area, volume, and role in North American commerce and navigation.

Facilitated

To facilitate means to make an action or process easier or to assist in the progress of something, often by providing necessary resources, information, or support.

Lafayette's Visit

Refers to the tour of the United States by the Marquis de Lafayette, a French aristocrat and military officer who fought in the American Revolutionary War, celebrated as a hero during his visit in the early 19th century.