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Ul walu ulat kayian has, advise her on any uilen ildliv approaches or strategies she might utilize to minimize current tax payable. Question 7 (8

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Ul walu ulat kayian has, advise her on any uilen ildliv approaches or strategies she might utilize to minimize current tax payable. Question 7 (8 marks) Trusts (Chapter 19) a) In each of the following cases, an individual is attempting to establish a trust. For each of these cases, indicate whether the attempt has been successful. Explain your conclusion Case A - Perminder transfers property to a trustee, specifying that the income from the property should be distributed to prison inmates in Virginia within the United States. (2 marks) Case B-Sima sends a cheque to her son for $25,000, indicating that the money should be used for the education of her grandchildren who are presently aged 7 and 9. (2 marks) b) Explain in your own words, what are the main objectives of an estate freeze: (4 marks)

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