A Family Trust Is a Trust

question 30

Multiple Choice

A family trust is a trust:

• A) which holds a collection of assets on behalf of various non-family members.
• B) from which income is distributed to the family members according to their respective unit holdings in the trust.
• C) that has a variety of investments in equity, property and cash management.
• D) which provides the trustee with discretion, according to the trust deed, over who receives distributions from the trust.

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Definitions:

Electrical Motor

A device that converts electrical energy into mechanical energy, often used in various machines and vehicles.

Reliabilities

The degree to which a system, component, or process consistently performs its intended function under prescribed conditions over time.

Breakdown Cost

The expenses related to the failure or maintenance of machinery, equipment, or systems.

Electrical Motor

A device that converts electrical energy into mechanical energy, used in a vast range of applications from household appliances to industrial machinery.