A Trust That Provides for Management Continuity and Income Flow

question 37

Multiple Choice

A trust that provides for management continuity and income flow even after the grantor's death and allows assets to bypass probate, but which provides no income or estate tax advantages, is a(n) _____ trust.

• A)revocable living
• B)ethical living
• C)testamentary
• D)charitable lead
• E)credit shelter

---

Definitions:

Public Domain

Works not protected by copyright, making them free for public use without permission.

Public Property

Assets owned by the government, accessible and utilized by the general public.

Distribute

The process of spreading or dispersing something over a wide area or among a large number of people.

Modify

To change or alter something, often used in various contexts, including software development, where code or features are updated or improved.