For Which Type of Planning Do We Require Current Projected

question 18

Multiple Choice

For which type of planning do we require current projected income and expenses?

• A)Income tax planning.
• B)Cash flow planning.
• C)Estate planning.
• D)Specialized planning.
• E)None of the above.

---

Definitions:

Business Trust

A business organization governed by a group of trustees, who operate the trust for beneficiaries.

Trustees

Individuals or organizations appointed to manage and oversee assets or property for the benefit of others, often in a legal or fiduciary capacity.

Beneficiaries

Individuals or entities designated to receive benefits or assets from a trust, will, or insurance policy.

Jurisdiction

The official power to make legal decisions and judgments, or the territorial range over which such authority extends.