Which of the Following Is an Example of a Discretionary

question 5

Multiple Choice

Which of the following is an example of a discretionary trust?

• A) A transfer of land made in the names of Terry and June to hold the property on trust for themselves as joint tenants .
• B) A transfer of land made in the names of Terry and June to hold the property on trust for themselves as tenants in common in equal shares.
• C) A transfer of land made in the names of Terry and June to hold the property on trust for Mark.
• D) A transfer of land made in the names of Terry and June to hold the property on trust for occupation by such one or more of Mark's children as they shall from time to time determine.

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Definitions:

Sensory Input

Information gathered by the senses such as sight, sound, touch, taste, and smell, which gets processed by the brain to make sense of the world.

Moral Realism

The philosophical belief that there are objective moral values which are independent of human opinion or belief.

Authority

The power or right to give orders, make decisions, and enforce obedience.

Cognitive Abilities

The mental skills that involve the ability to reason, remember, understand, solve problems, and make decisions.