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QUESTION 1 Which of the following is not an advantage of being a trust? Assets do not pass through probate Tax rates are generally very

QUESTION 1

Which of the following is not an advantage of being a trust?

Assets do not pass through probate

Tax rates are generally very low

Protection from spend-thrift heirs

Protection from creditors

QUESTION 2

Which of the following items would be allocated only to the principal of the trust?

Attorney fees for annual expenses

Interest on bank holdings

Cash dividends

Short Term Capital Gain

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