What is active trust

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Questions

1. What is an active trust? In Texas, what determines if a trust is active?

2. What is the difference between an inter-vivos trust and a testamentary trust? Give a brief example of each.

3. List four reasons a trust can be created and give brief examples.

4. List two restrictions on trusts. What do you think is the reason for this?

5. List three benefits to a revocable living trust.

6. List five responsibilities involved in trust administration.

Reference no: EM133855395

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