A spendthrift clause: a. Requires the fiduciary of a trust to make small distributions. b. Protects the

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A spendthrift clause:

a. Requires the fiduciary of a trust to make small distributions.

b. Protects the trust assets from the claims of the beneficiary's creditors.

c. Eliminates the problems associated with multiple beneficiaries.

d. Prevents the lapse of a general power of appointment and its subsequent estate tax consequences.

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Fundamentals Of Financial Planning

ISBN: 9781936602094

3rd Edition

Authors: Michael A Dalton, Joseph Gillice

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Question Posted: Sep 18, 2024 05:02 AM

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A spendthrift clause: a. Requires the fiduciary of a trust to make small distributions. b. Protects the

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Fundamentals Of Financial Planning

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