Inter Vivos Trusts Usually

question 56

Multiple Choice

Inter vivos trusts usually

• A)form part of your assets upon death and need to be probated.
• B)are challenged through the court system when made public at death.
• C)result in arguments about who owns the assets upon death.
• D)distribute all income to beneficiaries annually to avoid high tax rates.

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Definitions:

Reverse Innovation

A strategy where products are initially developed for emerging markets and then adapted for more developed markets.

Disruptive Innovation

A term describing innovations that fundamentally change industry dynamics by introducing simplicity, convenience, accessibility, and affordability.

Transformational Innovation

Radical or groundbreaking changes in products, processes, or business models that significantly alter the dynamics of the marketplace or industry.

Incremental Change

Gradual modifications or improvements made over time to processes, products, or systems.