A Trust in Which You Relinquish Title and Control of the Assets

question 102

Multiple Choice

A trust in which you relinquish title and control of the assets when they are placed in the trust,which becomes a separate legal entity,is called a(n)

• A)family trust.
• B)revocable living trust.
• C)irrevocable living trust.
• D)testamentary trust.

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Definitions:

Proactive Behaviours

Actions taken by individuals that are anticipatory and change-oriented, aimed at affecting positive change in the environment or in oneself.

Proximal Outcomes

Immediate effects or results that can be directly attributed to specific actions or interventions.

Distal Outcomes

Results or consequences that occur over a long period of time or are removed from the immediate cause-and-effect relationship.

Coping Techniques

Strategies or methods used by individuals to manage stress, adversity, or emotional distress.