Which of the following is true regarding a trustor? The trustor transfers property to the trust A
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Question:
Which of the following is true regarding a trustor?
The trustor transfers property to the trust
A trustor always has the right to modify the trust document during his/her life
In a living trust the trustor retains the right to withdraw all trust assets during his/her life
A trustor may not modify the treatment of a cash receipt as principal and income in the trust document in a manner different than that provided under the applicable principal and income act
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