Asked by Paola Diogene on Jun 23, 2024
Verified
What is the appropriate term for a person or entity that receives a portion of the trust corpus when a trust is terminated?
A) Terminator
B) Ender
C) Receiver
D) Transferor
E) Remainderman
Remainderman
The recipient of the trust corpus, the property held in trust, when the trust is terminated.
Distributed
Spreading out resources or processes across multiple locations or over a network, often relating to computing or organizational strategies.
- Discern the aim and composition of trusts, covering express, implied, and constructive trusts.
- Comprehend the fundamentals of power of attorney and its application in transferring authority for decisions.
Verified Answer
NA
Nurul ArdianJun 27, 2024
Final Answer :
E
Explanation :
The appropriate term for a person or entity that receives a portion of the trust corpus when a trust is terminated is "Remainderman."
Learning Objectives
- Discern the aim and composition of trusts, covering express, implied, and constructive trusts.
- Comprehend the fundamentals of power of attorney and its application in transferring authority for decisions.