Which of the Following Is Not an Advantage Associated with a Trust

question 27

Multiple Choice

Which of the following is not an advantage associated with a trust?

• A)Tax advantages.
• B)Allows the bypassing of probate.
• C)Lower cost.
• D)Control advantages.
• E)All of the above are advantages.

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Definitions:

Future Date

A specified day in the future that is significant for an event, deadline, or appointment.

Intangible Property

Assets that cannot be physically touched, such as intellectual property, brand recognition, and copyrights.

Ranch

A large farm, especially in the Western US, where cattle, horses, or other livestock are raised.

Tangible Personal Property

Items of property that can be physically touched and moved, such as furniture, vehicles, and electronics.