A Crummy Trust
A) Derives its name from the shoddy work which some lawyers do
B) Derives its name from the fact that it is a crummy idea to deceive the IRS
C) Refers to the illegal gifting of taxable estate
D) Takes its name from a court case upholding this type of trust
E) Is a popular device used in making gifts that qualify for the $600,000 estate tax exclusion
Correct Answer:
Verified
Q21: Suppose John and Jane are married and
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Q23: Which of the following could be a
Q24: The generation skipping transfer tax
A) Entitles one
Q25: Which of the following trusts allows the
Q27: If a survivorship policy is purchased in
Q28: An individual would create an irrevocable life
Q29: Which of the following are characteristics of
Q30: Which of the following is not a
Q31: Which of the following trusts allow the
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