Question
In her will Nicolette created a qualified spousal trust transferring her assets to her husband Chris. As a qualified spousal trust: a. The 21year deemed
In her will Nicolette created a qualified spousal trust transferring her assets to her husband Chris. As a qualified spousal trust:
| a. | The 21year deemed disposition rule will be applied to the trust. | |
| b. | Nicolette's assets must be transferred into the trust within 36months. | |
| c. | The assets will transfer into the trust at their fair market value (FMV) | |
| d. | If necessary,the capital of the trust can be split between Chris and Nicolette's sister. |
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Introduction to Finance Markets Investments and Financial Management
Authors: Melicher Ronald, Norton Edgar
15th edition
978-1118492673
