In preneed law, the term 'Trustor' refers to which of the following?

Prepare for the California Law Funeral Arranger Exam. Engage with flashcards and multiple-choice questions, each with hints and explanations. Confidently embrace your exam!

Multiple Choice

In preneed law, the term 'Trustor' refers to which of the following?

Explanation:
In preneed law, the trustor is the person who creates and funds the trust that will pay for the funeral services. They are the payer, setting aside money specifically for the preneed arrangement. The person for whom the funeral will be provided is the beneficiary, not the trustor, and the funeral establishment or another entity may serve as the trustee who administers the funds. So the best choice is the one who pays for the preneed arrangements.

In preneed law, the trustor is the person who creates and funds the trust that will pay for the funeral services. They are the payer, setting aside money specifically for the preneed arrangement. The person for whom the funeral will be provided is the beneficiary, not the trustor, and the funeral establishment or another entity may serve as the trustee who administers the funds. So the best choice is the one who pays for the preneed arrangements.

Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy