In Order to Travel Extensively and Not Worry About Handling

question 14

Multiple Choice

In order to travel extensively and not worry about handling her affairs,Lee transfers most of her assets into a trust,with her bank serving as trustee.She has created:

• A) a travel trust.
• B) a testamentary trust.
• C) a constructive trust.
• D) an inter vivos trust.

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Definitions:

Ventricular Fibrillation

A life-threatening heart rhythm that results in rapid, erratic electrical impulses, causing the ventricles to quiver ineffectively.

Palpitations

Unusually rapid, strong, or irregular pulsations of the heart.

Concussion

A traumatic brain injury caused by a blow to the head or body, leading to temporary loss of normal brain function.

Hematoma

A localized collection of blood outside of blood vessels, usually in liquid form within the tissue, resulting from injury or disease.