A trust that provides continuity and management of asset management and allows assets to bypasses probate,but which provides no income or estate tax advantages is a(n)____ trust.

Question

Quizplus · Accepted Answer

A revocable living trust provides continuity and management of asset management and allows assets to bypass probate, but it does not provide any income or estate tax advantages. This is because the grantor retains control and ownership of the assets in the trust, and therefore the trust is not considered a separate taxable entity.

A Trust That Provides Continuity and Management of Asset Management