What Are the Two Principal Forms of Trusts

question 18

Multiple Choice

What are the two principal forms of trusts?

• A) Inter vivos living) and testamentary takes place upon death of grantor
• B) Probatable and nonprobatable
• C) Joint and single
• D) Testate and intestate
• E) None of the above

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Definitions:

Sociocultural Impediment

Barriers or obstacles arising from social and cultural factors that affect behaviors, practices, and decision-making.

Economic Growth

Economic growth refers to the increase in the inflation-adjusted market value of the goods and services produced by an economy over time, often measured by GDP.

Tribal Allegiances

Tribal allegiances refer to the loyalty and affiliations between individuals and their tribal groups, affecting social, political, and cultural dynamics.

Developing Nations

Countries with a lower level of industrialization, lower living standards, and lower Human Development Index relative to other countries.