Setting Up a Trust to Benefit a Minor Can

question 8

Multiple Choice

Setting up a trust to benefit a minor can:

• A)Gain an annual exclusion even though no present interest is conveyed.
• B)Protect the donor against the minor's unwise use of the funds.
• C)Accumulate income for future use, like college tuition.
• D)All of the above.

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Definitions:

Supreme Court Justices

Judges appointed to the Supreme Court of the United States, the highest court in the country, who have the authority to interpret the Constitution in legal cases.

Warrantless Search

A search conducted by law enforcement without a court-issued warrant, often justified by exigent circumstances or conducted within specific legal exceptions.

Digital Contents

Electronic materials such as text, images, video, and audio that are created, shared, and accessed via digital devices and platforms.

Riley v. California

A landmark Supreme Court case in 2014 that held that police must obtain a warrant before searching the digital contents of an individual's cellphone during an arrest.