Dick wants to transfer property with a $600,000 FMV to an irrevocable trust with a bank as
Question:
a. What will be the amount of Dick’s gift to Earl?
b. Would you recommend that Dick transfer the property yielding 6% to this type of a trust? Explain. If not, what type of property would you recommend that Dick transfer to the trust?
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Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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