A Simple Trust

question 15

Multiple Choice

A simple trust

• A)may make charitable distributions.
• B)may make discretionary distributions of principal.
• C)may accumulate income.
• D)is required to distribute all of its income currently.

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Definitions:

Involuntary Ideas

Thoughts that occur spontaneously without the individual's intention, often uncontrollable and persistent.

Panic Attacks

Sudden, intense surges of fear or discomfort accompanied by physical and psychological symptoms, often occurring abruptly.

Schizophrenia

A major mental disorder defined by significant disturbances in reasoning, emotions, self-perception, communication skills, sense of reality, and actions.

Dissociative Disorder

A psychiatric disorder characterized by a disruption and inconsistency in one's thoughts, memories, environment, behaviors, and self-perception.