A Testamentary Trust Is a Trust Expressing a Wish; It

question 15

True/False

A testamentary trust is a trust expressing a wish; it is advisory only and not legally binding in most situations.

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Definitions:

Selected

Chosen from a larger group through a process of elimination or qualification.

Demographic Characteristics

Statistical aspects of populations, such as age, race, gender, income level, and education, used for analysis and policy-making.

Entrepreneurs

Individuals who start, manage, and take on the risks of a business venture in the hope of turning an idea into a profitable enterprise.

Community Wealth Partners

An organization or initiative focused on creating and implementing strategies that build and sustain wealth within communities, often through social and economic development projects.