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An irrevocable trust has certain advantages not provided by a revocable trust. Which of the following is (are) advantages of the irrevocable trust over the
An irrevocable trust has certain advantages not provided by a revocable trust. Which of the following is (are) advantages of the irrevocable trust over the revocable trust?
I Avoidance of probate
II Potential income and estate tax savings
A. I only
B. II only
C. Both I and II
D. Neither I nor II
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