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Which of the following statements about a trust is not correct: A trust is a separate legal person from the trustee and trust beneficiaries. A

Which of the following statements about a trust is not correct:

A trust is a separate legal person from the trustee and trust beneficiaries.

A trust is controlled by a trustee (or appointor if there is one).

The trustee has unlimited personal liability for the trust's debts, obligations and liabilities.

A trust allows business continuity on the death of a beneficiary.

A trust can be used for asset protection.

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