A Trust That Gives the Trustee the Power to Determine

question 21

Multiple Choice

A trust that gives the trustee the power to determine how the trust income or principal is to be allocated among a group of beneficiaries is

• A) a sprinkling trust.
• B) a spray trust.
• C) a discretionary trust.
• D) All of the answers are correct.

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Definitions:

Strategic Edge

The unique advantage a company gains over competitors by implementing effective strategies that leverage its strengths or market conditions.

Marketing Advantage

The competitive edge or superiority a company has over its rivals in attracting and retaining customers.

Marketing Mix

A set of actions, or tactics, that a company uses to promote its brand or product in the market, typically encapsulated by the four Ps: Product, Price, Place, and Promotion.

Warranties

Legal guarantees provided by manufacturers or sellers assuring the quality and reliability of a product and promising repair or replacement within a certain period in the event of a defect.