The Characteristics of a Spendthrift Trust Include Which of the Following

question 26

Multiple Choice

The characteristics of a spendthrift trust include which of the following?

• A) Spendthrift provisions are not valid in most states.
• B) Trust creditors can never seize income from a spendthrift trust.
• C) A settlor may provide, in a spendthrift trust, that the beneficiary cannot, by assignment or otherwise, impair her rights to receive principal or income.
• D) All of these.

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Definitions:

Probability

A measure of the likelihood or chance that a particular event will occur, expressed as a number between 0 and 1.

Nuclear Power

A form of energy produced by splitting atomic nuclei, used in power plants to generate electricity without emitting greenhouse gases.

Foul Shots

In basketball, free throws awarded to a player following a foul by the opponent, providing an opportunity to score points unopposed from the free-throw line.

Probability

A scale from 0 to 1 that measures how likely an event will take place.