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(A) Trust is a Beautiful Thing Quizlet

  • 1.

    Aunt Peach decides to fund a trust for her niece, Lolly. She also decides to set up an account through which she can pay taxes on any income generated by the trust until Lolly is old enough to assume control. What type of trust does Aunt Peach establish?

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    We'll give you the first and last question on this exam. So you know we actually did the whole thing.


  • 2.

    The distributable net income is most commonly associated with which type of trust?

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