Which of the following is not true about living trusts?
A) They do not reduce estate taxes any more than a will.
B) In order to fund the living trust, the grantor transfers title of property to the trust.
C) They are subject to property division upon divorcee.
D) The trust documents are a matter of public record.
E) They do not reduce the grantor's income taxes.
Correct Answer:
Verified
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