For each of the following items, insert the best term or phrase. An answer choice may be used more than once, but only one choice is the best for each descriptive phrase.
A. A trust that can accumulate rather than distribute its accounting income.
B. An estate always is created upon the death of this party.
C. The fiduciary in charge of an estate.
D. The person who transfers assets to a trust.
E. A trust whose income is taxed to the donor, not the beneficiaries.
F. A synonym for executor.
G. A trust whose remainder beneficiary is its grantor.
H. A trust that is required to distribute annual accounting income.
I. A trust whose income can be distributed to beneficiaries and in amounts at the trustee’s discretion.
J. The fiduciary in charge of a trust.
A. Complex
B. Decedent
C. Executor
D. Grantor
E. Grantor
F. Administrator
G. Reversionary
H. Simple
I. Sprinkling
J. Trustee
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