Question: Define the term settlor as it pertains to a trust. ( 1 mark ) List 2 responsibilities of the trustee of a trust. ( 2
Define the term settlor as it pertains to a trust. mark List responsibilities of the trustee of a trust. marks What is the primary difference between an intervivos and testamentary trust? marks Briefly explain what the year deemed disposition rule is and provide examples of the types of trusts that are exempt form the year deemed disposition rule. marks Describe a situation whereby a Henson Trust is applicable. marks
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
