A Living Trust Is Under the Control and Supervision of the Probate

question 2

True/False

A living trust is under the control and supervision of the probate court, and property held by such a trust is part of a decedent's probate estate.

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Definitions:

NPV

An alternate expression for Net Present Value, it represents the difference between the present value of cash inflows and the present value of cash outflows over a period of time.

Credit Policy

A set of guidelines a company follows to determine the creditworthiness of its customers and the terms of credit it will offer.

Contingent Demand

Demand for a product or service that depends on the demand for another product or service.

Custom Cabinets

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