An Inter-Vivos Trust May Be Made Revocable, or Revocable After

question 80

True/False

An inter-vivos trust may be made revocable, or revocable after a specified time, or irrevocable - each with different objectives and potentially different tax consequences.

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Definitions:

Alpha Rhythm

A pattern of brain wave activity characterized by 8 to 12 hertz frequencies, commonly observed in relaxed, wakeful states, especially in adults with closed eyes.

Theta Waves

Slow brain waves produced during the hypnagogic state.

Stage 1 Sleep

The initial phase of sleep, characterized by light sleep from which one can be easily awakened, and where the eyes move slowly and muscle activity slows.

Aldehyde Dehydrogenase

An enzyme that plays a crucial role in metabolizing alcohols in the body, helping to convert aldehydes into acids.