This Allows the Trustor to Receive Benefits During His or Her

question 23

Multiple Choice

This allows the trustor to receive benefits during his or her lifetime.

• A) Credit-shelter trust
• B) Disclaimer trust
• C) Irrevocable trust
• D) Inter vivos trust
• E) Testamentary trust

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Definitions:

Supplies Costs

Expenses associated with the purchase of supplies needed for the operation of a business or the production of goods.

Spending Variance

The difference between the actual and budgeted amount of spending, indicating over or under spending.

Total Expenses

The sum of all expenses incurred by a business during a specified period, including cost of goods sold, operating expenses, and other charges.

Spending Variance

The difference between the actual amount of money spent and the budgeted amount in a given period.