Which of the Following Statements About Family Trusts Is True

question 28

Multiple Choice

Which of the following statements about family trusts is true?

• A)Family trusts separate ownership and control.
• B)Income flows to the trust beneficiaries.
• C)The trustees retain the voting power.
• D)All of the above statements are true.

---

Definitions:

Colonial Controversies

Disputes and conflicts that arose during the period of European colonial expansion and domination over various parts of the world.

Massachusetts Bay Colony

A 17th-century British settlement in New England established by Puritan settlers seeking religious freedom.

John Winthrop

A leading figure in the founding of the Massachusetts Bay Colony, a prominent Puritan colonial governor, and known for his vision of the colony as a "city upon a hill."

African Slave Trade

The historic practice of forcibly transporting African people to the Americas to be sold as slaves, spanning from the 16th to the 19th century.