Craig delivers bonds in the amount of $100,000 to White in trust to hold and to pay over the income in quarterly payments to Craig’s niece, Helen, during her minority. Who is the settlor or creator of the trust? Who is the trustee?

Who is the beneficiary?

CPA QUESTIONS The topic of insurance has been eliminated from the content outline for the CPA exam as of october 2009. However, the exam lags behind the content change, so this topic may continue to appear on the exam for six to 18 months.

AppendixLO1