Which of the Following Is Not a Type of Trust

question 12

Multiple Choice

Which of the following is not a type of trust used for estate planning?

• A) Minor's Section 2503(c) trust.
• B) Alimony trust.
• C) Credit shelter trust.
• D) Qualified terminable interest property trust.
• E) Grantor retained annuity trust.

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Definitions:

Moral Hazard

A situation where one party in a contract can take risks because they know they will not have to bear the full consequences of their actions.

Health Insurance

A contract between an individual and an insurer to cover part or all of the costs associated with medical care.

Poor Eating Habits

Unhealthy dietary practices that often lead to malnutrition, obesity, and increased risk of chronic diseases.

Screening

Screening is a process used by employers, lenders, and others to assess the qualifications, risks, or qualities of applicants before making a decision.