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TRUE OR FALSE 1) Foghorn created an irrevocable trust in which his sister, Spongebobeesha, is solely entitled to monthly income distributions for the rest of
TRUE OR FALSE 1) Foghorn created an irrevocable trust in which his sister, Spongebobeesha, is solely entitled to monthly income distributions for the rest of her life. Sadly, Foghorn died only ninety days after creating the trust. The trust was worth $4,557,000 at the time of his death. The trust must be included in Foghorns gross estate.
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