Jameson's grandfather set up an intervivos trust for Jameson in 1994. The trust set out that Jameson had full access to the income and capital of the trust. It is currently 2014. The trust holds shares in public companies worth approximately $550,000 and which were acquired by the trust for $400,000. The trust earns approximately $30,000 in interest income each year. What special rule will affect the trust based on its age? A Describe the tax consequences to the trust as a result? A What could he do to reduce tax consequences? Jameson's grandfather set up an intervivos trust for Jameson in 1994. The trust set out that Jameson had full access to the income and capital of the trust. It is currently 2014. The trust holds shares in public companies worth approximately $550,000 and which were acquired by the trust for $400,000. The trust earns approximately $30,000 in interest income each year. What special rule will affect the trust based on its age? A Describe the tax consequences to the trust as a result? A What could he do to reduce tax consequences?