Gladys Wants to Set Up a Trust That Is Also

question 29

Multiple Choice

Gladys wants to set up a trust that is also known as a bypass trust, family trust, "residuary" trust, A/B trust, and exemption equivalent trust. She should set up a(n)

• A) Credit-shelter trust.
• B) Revocable trust.
• C) Irrevocable trust.
• D) Living trust.
• E) Testamentary trust.

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