question archive 29) A trust can be described as a
29) A trust can be described as a
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29) A trust can be described as
a. a legal entity
b. an illegal device for concealing assets from one's creditors
c. a relationship wherein the trustee is the legal owner of assets and acts in the Interests of the beneficiary
d. a device or entity that can be used for both legal and illegal purposes
e. none of the above
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A trust can be described as
a. a legal entity
A trust could be a legal entity employed to carry property, therefore the assets are generally safer than they'd be with a friend. Even a relative with the most effective of intentions could face a lawsuit, divorce or other misfortune, putting those assets in danger.
