The Death of the Beneficiary Will Generally Terminate the Trust

question 54

True/False

The death of the beneficiary will generally terminate the trust.

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Definitions:

Tuition Reimbursements

Programs where employers pay back employees for the costs of furthering their education, as related to their job.

Defined Benefits

A type of pension plan in which an employer promises a specified pension payment upon retirement, calculated based on factors such as salary history and duration of employment.

In-house System

An in-house system is a software or technological solution developed by an organization's own IT department for use within the same organization, rather than purchasing or outsourcing from external vendors.

Benefits Specialist

A human resources professional who focuses on managing and administering employee benefits programs, such as health insurance, retirement plans, and leave policies.