Charitable Trust That Is an Irrevocable Trust and That May

question 361

Multiple Choice

Charitable trust that is an irrevocable trust and that may be testamentary or inter-vivos (Between living persons) is called:

• A) Foundations
• B) Charitable Remainder Unitrust
• C) Charitable Remainder Annuity Trust
• D) None of these

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Definitions:

Marginal Social Benefit

The additional benefit to society as a whole from an increase in the consumption or production of one more unit of a good or service.

Pollution

The introduction of contaminants into the natural environment that cause adverse change, often impacting air, water, and soil quality.

Zero

A numerical value representing the absence of any quantity or value.

Zero-Pollution Society

An ideal or theoretical state where human activities do not emit pollutants that harm the environment, striving for sustainable living and minimal ecological footprint.