What is a sprinkling or spray trust?
What will be an ideal response?
o Sprinkling trusts, also called spray trusts or discretionary trusts, give total discretion to the trustee. The trustee is permitted to pay all of the trust income, and sometimes trust principal, to one or a few beneficiaries who need the money the most, withholding income from those the trustee believes do not need the income.
You might also like to view...
Prosecutors who refuse to give the defense evidence that helps the defendant are just doing their job
a. True b. False
Types of jurisdiction include which of the following??
A. ?In personam B. ?In rem C. ?Subject matter D. ?Original and appellate E. ?All of these choices are correct.
Which best describes durational employment?
A) Full time employment B) Temporary employment C) Part time employment D) At-will employment
A lawyer shall not assist a witness to testify falsely, but a paralegal or trial consultant may
Indicate whether the statement is true or false