A living trust is created or declared in explicit terms.
Answer the following statement true (T) or false (F)
True
You might also like to view...
The difference between the maturity value of the note and the bank discount is called proceeds
Indicate whether the statement is true or false
The backup software option of backing up just those files that have changed since the last backup is called a(n) ____ backup.
A. stopgap B. incremental C. half D. replacement
Replacement-cost coverage is the reimbursement of:
A. the cost of repairing or replacing damaged structures without deducting depreciation. B. reasonable living expenses while the insured’s house is being repaired. C. the cost of damages caused by perils other than those mentioned in the policy. D. the cost of defending the insured. E. the increase in the deductible to reduce the amount of the insurance premium.
The individual conveying real estate is called the ________ and the individual acquiring title is called the ________.
a. grantee; grantor b. grantor; beneficiary c. grantor; grantee d. trustee; beneficiary