Why Might an Individual Set Up Trusts

question 28

Multiple Choice

Why might an individual set up trusts?

• A) as a strategy to avoid taxes on wealth.
• B) for lower insurance premiums.
• C) to insure the security of a loan.
• D) to have a steady stream of income during retirement.

---

Definitions:

Organizational Settings

The environment and context within which an organization operates, including its culture, structure, and processes.

Corporate Settings

Environments related to, or engaged in by, corporations or large businesses, often involving formal organizational structures.

Personal Level

Relates to or concerns an individual's private affairs, personal interests, or specific qualities, often differentiating from professional or public levels.

Beliefs

Refers to convictions or acceptances that something is true or exists, often forming the basis of attitudes and behaviors.