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ASEW · Trusts and Life Insurance
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Trusts and Life Insurance
Why trusts are used, benefits of writing in trust, MWPA trust, and the difference between absolute and discretionary trust.
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Key points
Question 3
Which term matches: "Beneficiaries are fixed; cannot be changed; immediate right to proceeds"
Question 4
What does "Discretionary trust" mean?
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What the exam tests
Why trusts are used, benefits of writing in trust, MWPA trust, and the difference between absolute and discretionary trust.
Question 6
True or false?
Why trusts are used, benefits of writing in trust, MWPA trust, and the difference between absolute and discretionary trust