A Legal Entity in Which You Control the Assets and Can

question 5

Multiple Choice

A legal entity in which you control the assets and can receive income,but also have the option to leave or remove assets,is called a(n)

• A)family trust.
• B)revocable living trust.
• C)irrevocable living trust.
• D)testamentary trust.

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Definitions:

Rights-Based Reasoning

A form of ethical thinking that focuses on the entitlements and liberties individuals should have by virtue of their human rights.

Authoritarian Parenting

A parenting style characterized by strict rules and expectations, with little negotiation or flexibility.

Because I Said So

a phrase often used to denote authority without providing an underlying reason or justification.

Physically Abuse

To inflict harm or injury on another person's body, often a sign of an abusive relationship or behavior.