Trusts Can Be Set Up So That a Beneficiary's Interest

question 13

True/False

Trusts can be set up so that a beneficiary's interest cannot be reached by his creditors in many situations. Such trusts are called spendthrift trusts.

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Definitions:

Secondary Reinforcement

A form of reinforcement where a stimulus gains its reinforcing power through its association with a primary reinforcer.

Delayed Reinforcement

A tactic in which a reward or punishment is given after a time delay, following the behavior it is meant to encourage or discourage.

Spontaneous Recovery

The reappearance of a previously extinguished response after a pause.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, which affects the likelihood of that behavior being repeated.