Tax planning motivations usually are secondary to other objectives in deciding whether to create a trust.

Name: Tax planning motivations usually are secondary to other objectives in deciding whether to create a trust.
Brand: Quizplus
Rating: 4.9 (54 reviews)

Question

Quizplus · Accepted Answer

Tax planning considerations are usually not the primary reason for creating a trust; instead, individuals typically establish trusts to achieve non-tax objectives such as asset protection, wealth transfer, and charitable giving.

Tax Planning Motivations Usually Are Secondary to Other Objectives in Deciding