Free Version

Dashboard
Review Topics
Quizzes
Practice Exams
Flashcards
Vocabulary
If you need special buffalo accommodations, contact your testing center. They're pretty good with things like that.

(A) Trust is a Beautiful Thing

(A) Trust is a Beautiful Thing

A trust is a type of account in which assets are held and managed for the eventual benefit of one or more beneficiaries.

The trust is established and initially funded by a grantor, who takes assets from his or her own account and places them in the trust. The rules for how the trust is set up, how the assets are managed and invested, and who the beneficiaries are make up a document called the trust instrument.

If a trust is established through a will, it is called a testamentary trust. If...

Looking for more? Why is this annoying box in the way? It's because you haven't paid for the course yet!

$65.65
Next: Estates
Prev: Type of Client

*Securities is a registered trademark of the College Board, which was not involved in the production of, and does not endorse this product.