ernestinebell5875 ernestinebell5875

08-07-2024
Social Studies

Answered

A revocable living trust is a good vehicle for incapacity planning for which of the following reasons?
I. Flexibility
II. Privacy
III. Avoids court involvement and oversight
IV. Lifetime contributions to this type of trust entitle the donor to a gift tax annual exclusion
A) I, II, and III
B) II and III
C) I and II
D) I, II, and IV

Answer :

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