A Standard Family Trust Is All of the Following, Except

question 30

Multiple Choice

A standard family trust is all of the following, except

• A) it is established for children in a family.
• B) it is created by wills.
• C) it is used to minimize taxes.
• D) it is a living trust.

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Definitions:

Big Five Model

A theory that categorizes human personality traits into five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Personality Characteristic

Traits or qualities that define an individual's distinctive nature or behavior, often determining how they interact with others and respond to situations.

Agreeableness

A personality trait that involves being compassionate, cooperative, warm, and friendly towards others.

Big Five Model

A theory in psychology proposing five core dimensions of human personality: Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.