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In 2018, Ann Wills created a trust for the benefit of her two children, and named her eldest child as the trustee. The trust instrument
In 2018, Ann Wills created a trust for the benefit of her two children, and named her eldest child as the trustee. The trust instrument provided that the income earned from the trust should be distributed annually, and an additional $1,000 should be distributed to each beneficiary. What classification best describes this trust? *
Simple.
Complex.
Charitable.
Grantor.
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