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When Carlos stablished his will 1 0 years ago, he named his daughter. Juana, as the residual beneficiary. He also included a Henson trust for
When Carlos stablished his will years ago, he named his daughter. Juana, as the residual beneficiary. He also included a Henson trust for his disabled grandson, Julio, and named Juana as trustee. Which of the following is not
correct
a Juana has complete discretion over the assets of the trust and can decide. when, and how much, capital or income is distributed to Julio.
b Juana can be both the trustee of the trust and estate trustee of Carlos' estate.
c It is common for this type of trust to be funded by a life insurance payout.
d If Julio's income from the trust exceeds prescribed limits his government benefits will be reduced
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