If You Want to Maintain the Right to Change the Terms

question 87

True/False

If you want to maintain the right to change the terms or cancel a trust that you have created you should use an irrevocable trust.

---

Definitions:

Possession Utility

The value or usefulness that comes from a consumer being able to possess a product, enabling its use when and where the consumer wishes.

Ownership Utility

The added value or satisfaction a consumer obtains from owning a product and being able to use it as desired.

Form Utility

The value added to products through the process of transformation, creating a more desirable product for consumers.

Place Utility

The value added to products by having them available at a location where they are needed or wanted.