Because a Simple Trust by Definition Is a Trust That

question 26

True/False

Because a simple trust by definition is a trust that must distribute all income currently to beneficiaries, a simple trust will never have an income tax liability.

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Definitions:

Spiritual Growth

The process of evolving and expanding one's spiritual awareness, beliefs, and practices.

Complex Health Conditions

Health issues that are multifaceted, requiring extensive medical care or multifactorial interventions due to their complicated nature.

Functional Loss

A diminished ability to perform daily activities due to physical, mental, or emotional impairments.

Privacy

The right of individuals to keep their personal information, activities, and choices confidential and protected from unauthorized access.