For Each of the Following Items, Insert the Best Term

question 82

Multiple Choice

For each of the following items, insert the best term or phrase. An answer choice may be used more than once, but only one choice is the best for each descriptive phrase.
-The person who transfers assets to a trust.

• A)Complex
• B)Decedent
• C)Executor
• D)Grantor
• E)Administrator
• F)Reversionary
• G)Simple
• H)Sprinkling
• I)Trustee

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Definitions:

Penalized

Subjected to a penalty or punishment for an offense or infringement of rules.

Market-based Transactions

Economic activities that occur in a free market, where goods or services are exchanged between buyers and sellers based on demand and supply.

Avik Roy

He is a journalist and policy analyst known for his work on healthcare policy, particularly in the context of reform and market-based solutions.

Government Mandates

Requirements set forth by a government authority, compelling businesses, organizations, or individuals to comply with certain regulations or standards.