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:

Growth Hormone

A hormone produced by the pituitary gland that stimulates growth, cell reproduction, and regeneration in humans and other animals.

Correct Abbreviation

The approved or standard shortening of words or phrases, particularly in professional or academic contexts to ensure clarity and uniformity.

FBS

Fasting blood sugar; a test measuring the glucose levels in blood after a period of fasting to assess for diabetes or pre-diabetes.

Correct Meaning

The accurate significance or definition ascribed to a word, term, or phrase.