Which best describes the purpose of a trust?
O A. To determine someone's medical care preferences
O B. To assign power of attorney
O C. To give away assets in a managed fashion
O D. To distribute assets when someone passes

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15-12-2021
English

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Which best describes the purpose of a trust?
O A. To determine someone's medical care preferences
O B. To assign power of attorney
O C. To give away assets in a managed fashion
O D. To distribute assets when someone passes

Respuesta :

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taftlillianna taftlillianna · Answer 1 · 2021-12-15T22:18:43+01:00

taftlillianna taftlillianna

15-12-2021

the answer is c i’m pretty sure

Answer Link

divyamadaan8054 divyamadaan8054 · Answer 2 · 2022-07-29T08:05:25+02:00

The purpose of a trust include option C: to give away assets in a managed fashion.

What do you mean by Purpose of trust?

A purpose trust is trust that is created in order to fulfilment of a purpose that is not for the benefit of a particular person.

Moreover, a trust is something giving you, another person or an institution the power to hold and manage the money. A trust enjoys the various tax exemptions and incentives.

Adding to it, in a trust, people have a right to arrangement with the third party to hold and control over the assets on a behalf of beneficiary. Various types of exemptions are provided in case of purpose of trust under the Income Tax Act.

Therefore, correct option is C.

Learn more about Trust, refer to the link:

https://brainly.com/question/489456

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Which best describes the purpose of a trust? O A. To determine someone's medical care preferences O B. To assign power of attorney O C. To give away assets in a managed fashion O D. To distribute assets when someone passes

Respuesta :

What do you mean by Purpose of trust?

Otras preguntas

Which best describes the purpose of a trust?
O A. To determine someone's medical care preferences
O B. To assign power of attorney
O C. To give away assets in a managed fashion
O D. To distribute assets when someone passes