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:

Child Neglect

The failure of a parent or caregiver to provide for the basic needs of a child, including food, shelter, medical care, education, and emotional nurturing.

Nutrition

The process of providing or obtaining the food necessary for health and growth.

Human Rights

The basic rights and freedoms that belong to every person in the world, from birth until death, which are considered essential to dignity and justice for all individuals.

Refugees

Refugees are individuals who have been forced to flee their country due to persecution, war, violence, or disaster and cannot return home due to fear of harm.