A Testamentary Trust Is a Trust

question 5

Multiple Choice

A testamentary trust is a trust

• A) intended to protect the assets of a minor.
• B) that is managed by the trustor.
• C) that is managed by an estate.
• D) established by a living person.
• E) established by a will.

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Definitions:

Political Action Committees

Organizations that collect funds from members and donate those funds to campaign for or against political candidates, legislation, or policies.

Legitimate Right

A recognized or sanctioned entitlement or authority within a social or legal framework.

Wield Power

To have control or authority over others, often used in the context of politics, leadership, or social influence.

Authority

The power or right to give orders, make decisions, and enforce obedience.