A Trust in Which the Trust Property Is Bequeathed or Devised

question 29

Multiple Choice

A trust in which the trust property is bequeathed or devised in a will to a trustee for the benefit of a beneficiary is called a(n)

• A) precatory trust.
• B) resulting trust.
• C) testamentary trust.
• D) inter vivos trust.

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Definitions:

Preschool Children

Refers to young children, typically aged between 2 and 5 years, who are in the initial stages of formal education prior to attending kindergarten.

Achieved Status

A social position that a person gains as a result of personal effort, talent, or accomplishment, rather than by virtue of birth.

Monogamy

A relationship structure where an individual has only one partner during their lifetime or at any one time (serial monogamy).

Homogamy

The practice or tendency of marrying someone who is similar to oneself in terms of race, ethnicity, religion, education level, social class, etc.