In the Case of a Fully Secret Trust, It Does

question 14

True/False

In the case of a fully secret trust, it does not matter whether the testator communicates his intention to the trustee either before or after he makes his will.

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Definitions:

Common Stock

Common stock represents ownership shares in a corporation, giving holders voting rights and the potential to receive dividends.

Long-term Investment

Investments held for an extended period, typically more than one year, with the intention of earning returns over time.

Dividends receivable

Dividends declared and owed to a shareholder but not yet paid.

Dividend Income

Income received from owning shares in a company, typically distributed from the company's profits.