When a Beneficiary Receives a Distribution from a Trust of an Asset

question 62

Short Answer

When a beneficiary receives a distribution from a trust of an asset other than cash, generally a(n)____________________ basis is assigned to the asset.

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Definitions:

Dysfunctional

Not operating normally or effectively, often describing relationships or family environments.

Egalitarian

A principle or belief in the equality of all people, especially in political, social, or economic life.

Patriarchal

Describing a society, organization, or system where men hold the majority of power and significance, often through traditional roles and norms.

Cross-cultural

Describes interactions or comparisons between different cultures, emphasizing diversity and the exchange of ideas, values, and practices.