A Trust Containing a Provision That Protects the Assets of the Trust

question 16

Multiple Choice

A trust containing a provision that protects the assets of the trust from creditors and from the beneficiary's reckless spending is a

• A) discretionary trust.
• B) spendthrift trust.
• C) Totten trust.
• D) sprinkling trust.

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Definitions:

Essentialist Theories

Theories that argue certain traits, behaviors, or attributes are innate, fixed, and characteristic of particular groups or entities.

Socially Constructed

A concept or perception acknowledged as reality in society, shaped through cultural and social practices rather than inherent nature.

Down Low

A term often used to describe men who identify as heterosexual but engage in secret sexual activities with other men.

Heterosexism

The presumption or bias in favor of opposite-sex sexuality and relationships, often marginalizing other forms of sexuality.