Answered

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A trust is a legal document that explains how a person wishes his property to be transferred.

A. True
B. False

Sagot :

GinnyAnswer

Final answer:

A trust is a legal document that explains asset transfer after death; the statement is false.


Explanation:

False

A trust is an estate planning tool created to facilitate the transfer of one's assets to their heirs outside of probate court. It is like 'the family bank' where assets are transferred according to the terms set by the deceased. A trust becomes irrevocable upon death.


Learn more about Trusts and Estate Planning here:

https://brainly.com/question/32531569

Answer:

A.True

Explanation:

Definitions of a trust : A legal arrangement that provides for the transfer of assets from their owner, called the grantor or trustor, to a trustee.

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