A Trust Designed to Help Couples Gain Full Use Out

question 53

Multiple Choice

A trust designed to help couples gain full use out of each spouse's exclusion is the _____ trust.

• A) Crummey
• B) Credit shelter
• C) Charitable lead
• D) Special needs
• E) Charitable remainder

Recognize the double standard of aging and its consequences.

Acknowledge the physical health issues and disparities in middle and later life.

Identify meaningful roles and perceptions of elders in different cultures.

Understand the discriminatory practices based on age in employment and beyond.

---

Definitions:

Profit-maximizing Output

The level of production at which a company achieves the highest possible profit.

Marginal Cost

The rise in overall expenses resulting from the production of an additional unit.

Marginal Revenue

The additional income from selling one more unit of a good; it is the change in total revenue from an additional unit sold.

Competitive Price-searcher

A market participant that actively seeks out and compares prices in order to find and exploit competitive price advantages.