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Business Law . Trusts 11. Sometimes a trust provides for income to a beneficiary for life, and then the principal goes to a different beneficiary
Business Law . Trusts11. Sometimes a trust provides for income to a beneficiary for life, and then the principal goes to a different beneficiary after the death of the first beneficiary. The general rule in allocating exp that ( Select: ordinary or extraordinary)expenses are chargeable to the income beneficiary and (Select: ordinary or extraordinary) expenses are allocated to the principal beneficiary
11. Sometimes a trust provides for income to a beneficiary for life, and then the principal goes to a different beneficiary after the death of the first beneficiary. The general rule in allocating exp that ( Select: ordinary or extraordinary)expenses are chargeable to the income beneficiary and (Select: ordinary or extraordinary) expenses are allocated to the principal beneficiary
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