Answered

Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Discover solutions to your questions from experienced professionals across multiple fields on our comprehensive Q&A platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

Which is a reason to establish trust?
A) to manage the property on which you still owe a mortgage
B) to distribute assets through your executor.
C) to manage property that cannot easily be divided such as pets or vacation properties.
D) to distribute assets to beneficiaries only upon your death.


Sagot :

Answer:

D) to distribute assets to beneficiaries only upon your death

Explanation:

Trusts are primarily created to separate a person's assets from their personal estate. Once a settlor assigns those assets to a trust, they no longer own them, effectively shielding the assets from creditors in bankruptcy proceedings or plaintiffs in lawsuits.