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

question 9

True/False

A living trust is under the control and supervision of the probate court after the death of the testator.

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Definitions:

SWOT Analysis

A strategic planning tool that evaluates the Strengths, Weaknesses, Opportunities, and Threats involved in a project or business venture.

Strengths

Positive attributes of an organization. These are internal resources and capabilities that support a company to achieve its mission, goals, and competitive advantage.

Weaknesses

Areas where a business or product lacks strength or is less competitive compared to others in the market.

Opportunities

Potential situations in the market that, when leveraged, can lead to the growth and success of a business.