Review Topics
Practice Exams
Overheard at Shmoop: "All I hear all day long at school is how great bison is at this or how wonderful bison did that. Bison bison bison!"

(A) Trust Is a Beautiful Thing Drill

  • 1.

    Aunt Peach decides to fund a trust for her niece, Lolly. She also decides to set up an account through which she can pay taxes on any income generated by the trust until Lolly is old enough to assume control. What type of trust does Aunt Peach establish?

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    We'll give you the first and last question on this exam. So you know we actually did the whole thing.


  • 2.

    The distributable net income is most commonly associated with which type of trust?