Selena Decides to Create a Trust for the Benefit of Her

question 55

Multiple Choice

Selena decides to create a trust for the benefit of her children. She deeds her property to the entity that she creates but retains the power to amend, alter, or revoke the arrangement. She also continues to hold the property and receive the income that it earns. This is

• A)not a trust.
• B)a revocable living trust.
• C)an irrevocable living trust.
• D)a constructive trust.

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Definitions:

Sense Of Trust

An essential component of healthy development, established in infancy, where a child feels secure and confident in the reliability and predictability of their environment.

Social World

The sphere of human interaction and relationship formation, encompassing society's structures, institutions, and networks.

Physical Play

Refers to activities that engage the body in movement and exercise, important for physical development and coordination.

Fathers

Male parents or paternal figures who play a significant role in the upbringing and development of their children.