?Which of the following is NOT a benefit of a charitable remainder trust?
A. ?It acts as a form of life insurance that benefits the settlor's children.
B. ?It reduces income tax.
C. ?It increases current income by providing life income for the settlor.
D. ?It reduces federal estate tax liability.
Answer: A
You might also like to view...
A document which allows a person to determine if and when life sustaining procedures will be instituted in the instance that the person has a terminal illness, is called:
a. Terminal directives b. Advance directives c. Living will directives d. Power of attorney directives
In conducting legal research, it is necessary to check pocket parts in those books updated by pocket parts.
Answer the following statement true (T) or false (F)
A contract that settles disputed claims is which of the following?
A. Satisfaction B. Accord C. Accord and satisfaction D. None of the above
T or F A statement that has been admitted is called a judicial admission.
Answer the following statement true (T) or false (F)