Question 23 (1 point) Saved 1) Listen A beneficiary is someone who benefits from a trust. An capital beneficiary, despite the title, is generally eligible to receive both income and capital disbursements from a trust. True False Nick died and the total FMV of his assets were $400,000 with an ACB of $150,000. Which of the following statements is true? If Nick leaves his assets to his wife, Sharon, there is no deemed disposition and there are no tax consequences. If Nick leaves his assets to his sister, Victoria, there is no deemed disposition and there are no tax consequences. If Nick leaves his assets to his favourite nephew who is a minor, there is no deemed disposition and there are not tax consequences. If Nick leaves his assets to his wife, Sharon, there is a deemed disposition and $125,000 will be reported on his final tax return