What is a qualifying spousal trust? What is the major tax advantage associated with a trust being classified as a qualifying spousal trust? Briefly describe two non-tax reasons for using a qualifying spousal trust.
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Q15: In order for a trust to exist,
Q16: A trust will normally deduct all amounts
Q17: What is the difference between a discretionary
Q18: What are the tax consequences associated with
Q19: Briefly describe two non-tax reasons for using
Q21: The beneficiaries of a trust hold formal
Q22: Which of the following statements with respect
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