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?
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
1 Trust is a contract between two parties the trustee and the grantor According to Rupert Anderson 2...
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Step: 2
Step: 3
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Bank Management and Financial Services
Authors: Peter Rose, Sylvia Hudgins
9th edition
78034671, 978-0078034671
