All of the following are advantages of a sprinkling trust except:
a. it allows the trustee the ability to distribute the trust assets to beneficiaries viewed as most needy and deserving.
b. it releases the trustor from the obligation of making the allocation decision herself.
c. income can be distributed to those beneficiaries in lower tax brackets, saving trust assets from income tax.
d. all of the above are advantages
d. all of the above are advantages
You might also like to view...
Which of the following was not discussed in the textbook as a reason for creating a trust?
a. Management of the trust property by someone other than him or herself b. Tax savings c. Prevention of a beneficiary from getting property outright d. Creating a will was more expensive
Attorney Rock files an auto negligence case in the county circuit court. All of the parties are residents of the same state, and the trial will take place before the county court. What type of jurisdiction does the county court have??
A. ?In remjurisdiction B. ?Diversity jurisdiction C. ?Appellate jurisdiction D. ?Original jurisdiction
Using a(n) ________ form when conducting an initial client interview helps ensure that the paralegal or attorney doesn't forget any details.
Fill in the blank(s) with the appropriate word(s).
Federal judges are appointed for life and have lifetime tenure pursuant to Article ______ of the U.S. Constitution
Fill in the blank(s) with correct word