Which of the following is not one of the reasons suggested by the text as to why people create trusts?
A) Protect another person.
B) Protect an animal.
C) Hide assets from creditors.
D) Prevent individuals from gaining access to certain assets.
E) Avoid paying taxes.

Question

Quizplus · Accepted Answer

Trusts are often used to manage and protect assets, but hiding assets from creditors is generally not a legitimate or legal reason for creating a trust.

Which of the Following Is Not One of the Reasons