Inter Vivos Trusts

question 72

Multiple Choice

Inter vivos trusts

• A)are formed to protect assets for a dependent child.
• B)may not be used for fixed assets such as a cottage.
• C)are continually and actively managed by the settlor.
• D)pay taxes on earnings at the highest marginal rate.

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Definitions:

Chemically Unreactive

Describes substances that do not easily undergo chemical reactions or change their chemical structure in the presence of other substances.

Reflectivity

The measure of the proportion of light or radiation that is reflected by a surface, often impacting climate and temperature.

Earth's Climate

The global patterns of weather and atmospheric conditions affecting the entire Earth, influenced by solar radiation, oceans, landforms, and human activity.

Temperature

A physical quantity expressing hot and cold, measured with a thermometer and quantitatively determined by the average kinetic energy of the particles in a substance.