A(n)________ Is a Trust Established to Transfer Assets to Your

question 81

Multiple Choice

A(n) ________ is a trust established to transfer assets to your children,while allowing the surviving spouse access to funds in the trust,if necessary.Trust assets are distributed to the children tax free upon the death of the surviving spouse.

• A)family trust
• B)revocable living trust
• C)irrevocable living trust
• D)pre-probate trust

Recognize the importance of professional advice (legal, financial) when entering into franchise agreements.

Understand the historical development of franchising and its impact on the economy.

Recognize the significance of exclusive territories and how they affect franchise operations.

Understand the key considerations and questions a potential buyer should explore before purchasing a franchise.

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Definitions:

FMLA

The Family and Medical Leave Act is a U.S. federal law granting eligible employees unpaid, job-protected leave for family and medical reasons.

Similar Job

Employment positions that are alike in duties, responsibilities, and are often in the same industry or field.

Proper Notice

A legal requirement to inform someone of a decision or action, usually within a specific timeframe and through an acceptable method of communication.

Informational Picketing

Picketing designed to truthfully inform the public of a labor dispute between an employer and the employees.