Chapter28: Income Taxati On Of Trusts And Estates
Section: Chapter Questions
Problem 11DQ
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Question
One premortem liquidity planning technique is to reduce the client's potential gross estate. Which of the following actions may reduce the client's gross estate?
- Placing assets in a grantor-retained
annuity trust (GRAT) with a 10-year term that names the client's child as remainderman - Placing assets in a revocable living trust that disperses its assets to the client's child at the client's death
- Placing assets in an irrevocable trust in which the client is neither a beneficiary or trustee
- Placing assets in an irrevocable trust in which the client as sole trustee has discretion to distribute income
A)
I, III, and IV
B)
II, III, and IV
C)
I and III
D)
II and IV
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