Why Might an Individual Set Up Trusts

question 28

Multiple Choice

Why might an individual set up trusts?

• A) as a strategy to avoid taxes on wealth.
• B) for lower insurance premiums.
• C) to insure the security of a loan.
• D) to have a steady stream of income during retirement.

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Definitions:

Z

Often represents a variable in mathematics or denotes the set of all integers in number theory.

Evaluate

To calculate the value of an algebraic expression by substituting variables with numerical values.

Expression

A combination of symbols that represent a value or relationship, often including numbers, variables, and operation symbols.

Y

Typically represents the dependent variable in a mathematical equation or function, often plotted on the vertical axis in a graph.