Question: Your client has asked you to assist in setting up a trust. Before doing so, you must be able to distinguish between simple trusts and

Your client has asked you to assist in setting up a trust. Before doing so, you must be able to distinguish between simple trusts and complex trusts. 

1). What are the reasons for creating trust? 

2). Would you advise your client to set up a simple trust or a complex trust? Why?

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1 Trust is a contract between two parties the trustee and the grantor According to Rupert Anderson 2... View full answer

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