A Trust in Which You Relinquish Title and Control of the Assets

question 102

Multiple Choice

A trust in which you relinquish title and control of the assets when they are placed in the trust,which becomes a separate legal entity,is called a(n)

• A)family trust.
• B)revocable living trust.
• C)irrevocable living trust.
• D)testamentary trust.

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Definitions:

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Schachter

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