Inter Vivos Trusts Usually

question 40

Multiple Choice

Inter vivos trusts usually

• A)form part of your assets upon death and need probate.
• B)are challenged through the court system when made public at death.
• C)result in arguments about who owns the assets upon death.
• D)distribute all income to beneficiaries annually to avoid high tax rates.

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Definitions:

Tid

An abbreviation for "ter in die," meaning three times a day; it is often used in medical prescriptions.

Prn

An abbreviation for "pro re nata," meaning "as needed,” commonly used in prescriptions.

Sig

Short for "signatura," a term used in prescriptions indicating the directions for use given to the patient.

Immediately

Without delay; happening right at the moment or very soon after.