A (First-, Second-, Third-) Tier Distribution Is One That the Trust

question 121

Short Answer

A (first-, second-, third-) tier distribution is one that the trust agreement requires to be made by the trustee to the income beneficiary.

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Definitions:

Continuity Of Care

Coordination of services provided to individuals before, during, and after entry into a health care facility.

Working Phase

The period in therapy or counseling characterized by active efforts and interventions aimed at solving the client's problems.

Respect

A feeling of deep admiration for someone or something elicited by their abilities, qualities, or achievements.

Attitude

A psychological tendency expressed by evaluating a particular entity with some degree of favor or disfavor.