Tax planning motivations usually predominate over other objectives in deciding whether to create a trust.

Name: Tax planning motivations usually predominate over other objectives in deciding whether to create a trust.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

While tax planning can be an important consideration, trusts are often created for a variety of reasons including estate planning, asset protection, privacy, and managing assets for beneficiaries, not solely for tax benefits.

Tax Planning Motivations Usually Predominate Over Other Objectives in Deciding