A Tax Entity, Often Called a Fiduciary, Includes All of the Following

question 7

Multiple Choice

A tax entity, often called a fiduciary, includes all of the following except

• A)estates.
• B)complex trusts.
• C)testamentary trusts.
• D)All of the above are fiduciaries.

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Definitions:

Relationship Management

The interpersonal skills of being able to communicate clearly and convincingly, disarm conflicts, and build strong personal bonds.

Disarms Conflicts

A strategy or action that reduces tension and resolves disagreements or disputes.

Cognitive Dissonance

Situation in which the pieces of knowledge, information, attitudes, or beliefs held by an individual are contradictory.

Contradictory

In direct opposition or conflict with something, creating inconsistency or a paradox.