American College Exam HS330 Topic 1 Question 73 Discussion

Actual exam question for American College's HS330 exam

Question #: 73
Topic #: 1

[All HS330 Questions]

Which of the following statements concerning a testamentary trust is correct?

AIt becomes effective only at the death of the grantor.

BThe trust terms must be included in the will.

CThe assets in the trust are tree of probate costs.

DIt saves federal and state death taxes at the death of the grantor.

Show Suggested Answer

Suggested Answer: A

by Angella at Aug 06, 2023, 12:08 PM

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1 hours ago

I think the correct statement is A) It becomes effective only at the death of the grantor.

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