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.

---

Definitions:

Personalities

The combination of characteristics or qualities that form an individual's distinctive character, influencing how they think, feel, and behave in various situations.

Face-to-Face-Bargaining

The process of negotiating directly with another party in person, allowing for immediate feedback and adjustments to negotiation tactics.

Superior Negotiators

Superior negotiators are individuals who have mastered the art and science of negotiation, often achieving better than average outcomes due to their skills, strategies, and psychological insights.

Perspective-Taking Ability

The capability to understand and consider another person’s views, feelings, and motives, which is crucial in effective communication and negotiation.