Which Kind of Trust Allows Assets to Transfer into It

question 28

Multiple Choice

Which kind of trust allows assets to transfer into it on a tax deferred basis?

• A)Alter ego trust
• B)Testamentary trust
• C)Charitable trust
• D)Inter vivos trust

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Definitions:

Dry Mouth

A condition, medically known as xerostomia, characterized by a lack of adequate saliva production leading to discomfort and potentially causing dental and oral health issues.

Orthostatic Hypotension

A form of low blood pressure that occurs when standing up from sitting or lying down, causing dizziness or lightheadedness.

Gynecomastia

A condition in males characterized by enlarged breast tissue, which can result from hormonal imbalances, certain medications, or underlying health conditions.

Anticholinergic Properties

Characteristics of certain medications that block the action of acetylcholine, a neurotransmitter, which can affect various bodily functions but may lead to side effects like dry mouth and confusion.