Question

Which is a reason to establish trust?
A) to manage the property on which you still owe a mortgage
B) to distribute assets through your executor.
C) to manage property that cannot easily be divided such as pets or vacation properties.
D) to distribute assets to beneficiaries only upon your death.

Answer 1

Answer:

D) to distribute assets to beneficiaries only upon your death

Explanation:

Trusts are primarily created to separate a person's assets from their personal estate. Once a settlor assigns those assets to a trust, they no longer own them, effectively shielding the assets from creditors in bankruptcy proceedings or plaintiffs in lawsuits.