All of the Following Are Advantages of a Sprinkling Trust

question 67

Essay

All of the following are advantages of a sprinkling trust, except
A) the trustee can determine the amount to retain in the trust.
B) the trustee can consider the tax rates of the beneficiaries and trust.
C) the trustee can choose the amount to distribute among multiple beneficiaries.
D) the trustee can determine the amount to distribute to the sole trust beneficiary.

• A) the trustee can determine the amount to retain in the trust.
• B) the trustee can consider the tax rates of the beneficiaries and trust.
• C) the trustee can choose the amount to distribute among multiple beneficiaries.
• D) the trustee can determine the amount to distribute to the sole trust beneficiary.

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Definitions:

Relevant State Law

Laws enacted by individual states within a country that are applicable and important within the state's jurisdiction.

Exclusive Jurisdiction

Jurisdiction that exists when a case can be heard only in a particular court or type of court, such as a federal court or a state court.

Mississippi State Courts

Mississippi State Courts are the judicial tribunals within the state of Mississippi, including various levels such as trial courts, appellate courts, and the Mississippi Supreme Court, responsible for adjudicating legal disputes.

Adoption

The legal process by which an individual or couple becomes the legal and permanent parent(s) of a child who is not biologically their own.