Inter Vivos Trusts Usually

question 56

Multiple Choice

Inter vivos trusts usually

• A)form part of your assets upon death and need to be probated.
• B)are challenged through the court system when made public at death.
• C)result in arguments about who owns the assets upon death.
• D)distribute all income to beneficiaries annually to avoid high tax rates.

---

Definitions:

Pollution

The introduction of harmful substances or products into the environment, causing adverse effects on living beings and ecosystems.

Marginal Social Cost

The additional cost to society as a whole of producing one extra unit of a good or service.

Too Little

A situation where the quantity or amount available or supplied is insufficient to meet demand or requirements.

External Cost

Costs of a transaction that affect people other than the buyer or seller, typically not reflected in the market price.