In Order to Use the Money in a Spendthrift Trust

question 61

True/False

In order to use the money in a spendthrift trust as collateral, the beneficiary requires prior approval of the trustee.

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Definitions:

Alternate-Forms Reliability

A measure of consistency across different versions of the same test, ensuring similar outcomes.

Different Versions

Variations or alternative forms of something, often implying modifications or updates.

Independent Variable

In an experiment, the variable that is manipulated or changed to observe its effect on the dependent variable.

Dependent Variable

In an experiment, the variable that is being tested and measured, often to see if it is affected by changes in another variable (the independent variable).