Although it has no estate or income tax benefit, the ___ relieves the cares of management of money or property, as well as other purposes, including protecting the assets in the trust from loss due to the beneficiary's negligence.

a. charitable remainder trust
b. revocable living trust
c. irrevocable living trust
d. spendthrift trust

Answer: b. revocable living trust

Business

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Which forecasting methods are the simplest to implement and can serve as a good starting point for a demand forecast?

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Which of the following is a general exclusion under Section I of the Homeowners 3 policy?

A) Water damage caused by accidental discharge from a household appliance. B) Losses due to the failure of the insured to use all reasonable means to save and preserve property after the time of a loss. C) Losses resulting from a power failure caused by an insured peril at the residence premises. D) Losses due to a windstorm.

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