A Trust Established While Alive to Take Effect at Your

question 99

Multiple Choice

A trust established while alive to take effect at your death is called a

• A)living trust.
• B)will.
• C)power of attorney.
• D)testamentary trust.

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Definitions:

Moral Quandary

A situation in which a person is faced with a difficult decision involving a conflict of ethical values or principles.

Risk Society

A concept in sociology that describes a society increasingly preoccupied with the future (and also with safety), which generates the notion of risk as a pervasive way of dealing with hazards and insecurities induced by modernization.

Technological Dilemma

A situation where technology offers significant benefits but also poses serious risks or ethical questions.

Sir Isaac Newton

A seminal figure in the scientific revolution, known for formulating the laws of motion and universal gravitation.