Many Individuals Have Suggested Setting Up the Following Trust as a Method

question 5

Multiple Choice

Many individuals have suggested setting up the following trust as a method for avoiding probate costs while still retaining control of your assets when alive

• A)a revocable living trust.
• B)a revocable testamentary trust.
• C)an irrevocable living trust.
• D)an irrevocable testamentary trust.

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Definitions:

Frederick Douglass

An African American social reformer, abolitionist, orator, writer, and statesman who escaped from slavery and became a leader of the abolitionist movement.

Historical Significance

The importance attributed to an event, person, or place based on its impact on history or influence on future developments.

Slave Culture

The distinct social, cultural, and familial practices developed by enslaved African Americans in the United States, forming communities and resilience within the oppressive framework of slavery.

African Heritage

The customs, traditions, and cultural influences tracing back to the African continent, preserved among people of African descent worldwide.