Question 3 of 10.
The Mendoza Family Trust was created by the will of Christian Mendoza. The trust document contained the following clause:
All trust income shall be distributed to Juan Mendoza each year, except for $2,000 annually, which shall be distributed to St.
Xavier's Research Hospital. St. Xavier's Research Hospital is a charitable organization qualified to receive tax-deductible
contributions. This year, $2,000 was distributed to St. Xavier's, and $15,000 was distributed to Juan. What type of trust is the
Mendoza Family Trust?
A grantor trust.
A revocable trust.
A complex trust.
A living trust.