Which of the Following Statements About Family Trusts Is True

question 28

Multiple Choice

Which of the following statements about family trusts is true?

• A)Family trusts separate ownership and control.
• B)Income flows to the trust beneficiaries.
• C)The trustees retain the voting power.
• D)All of the above statements are true.

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Definitions:

Arbitrator

A neutral third party who resolves disputes between two or more parties outside of the court system, usually in a binding decision.

Mediator

A neutral third party who assists in negotiating and reaching a settlement in a dispute or negotiation.

Collective Bargaining

A process of negotiations between employers and a group of employees aimed at reaching agreements to regulate working conditions.

Labor Union Membership

The status of being a member of an organization that represents workers' interests to employers, including negotiations for better wages and working conditions.