The Person Who Creates a Testamentary Trust May Not Serve

question 14

True/False

The person who creates a testamentary trust may not serve as the trustee of the trust.​

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Definitions:

Consumer

A person or collective that buys products or services for their own consumption and not for making or selling them.

Income

The revenue brought in, consistently over time, from professional endeavors or investments.

Budget Constraint

The limits imposed on household choices by income, prices, and taxes, defining the combination of goods and services they can afford.

Income

Proceeds obtained, often periodically, from labor or investment returns.