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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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