Which of the following are the two types of express trusts?Multiple choice question.The limited trust and the unlimited trustThe testate trust and the intestate trustThe living trust and the testamentary trustThe conditional trust and the unconditional trust

Multiple Choice QuestionWhich type of trust allows married couples to leave everything to each other tax free?Multiple choice question.credit-sheltertestamentaryrevocablelifetime

What is the term for a trust created by the court that has no settlors?Multiple choice question.Express trustAmbulatory trustImplied trustInter vivos trust

A(n) Blank______ trust is a trust created by the settlor while alive or through a will.Multiple choice question.impliedconstructiveexpressdirected

Which of the following statements is FALSE?Question 10Select one:a.Trust deed is the document detailing the sources, uses and disbursement of funds in a trustb.Hedge fund is a type of managed fund.c.The responsible entity is both the trustee and the manager of the trust fund.d.Capital guaranteed funds provide a risk-free investment.

Multiple Choice QuestionThe two major types of partnerships are ______.Multiple choice question.corporate and singlecommon and specializedlimited and unlimitedgeneral and limited