A Trust That Provides for Management Continuity and Income Flow

question 37

Multiple Choice

A trust that provides for management continuity and income flow even after the grantor's death and allows assets to bypass probate, but which provides no income or estate tax advantages, is a(n) _____ trust.

• A)revocable living
• B)ethical living
• C)testamentary
• D)charitable lead
• E)credit shelter

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Definitions:

Nerve Fibers

Extensions of neurons that transmit electrochemical signals throughout the nervous system, enabling communication and response to stimuli.

Transduction

The process of converting one form of energy into another, or in biology, the transfer of genetic material from one organism to another.

Triple Cardiac Bypass

A surgical procedure to improve blood flow to the heart by diverting blood around narrowed or blocked arteries using graft vessels.

Incision Sites

Locations on the body where cuts have been made during surgery or for other medical purposes.