Question: Explain the key points to consider when setting up a trust for a beneficiary to reduce the tax burden on the beneficiary. Provide a rationale

Explain the key points to consider when setting up a trust for a beneficiary to reduce the tax burden on the beneficiary. Provide a rationale to support your findings.

Differentiate between two (2) types of trusts that you would consider for your own family. Identify the primary advantages and disadvantages of selecting each. Provide support for your findings.

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Explain the key points to consider when setting up a trust for a beneficiary to reduce the tax burden on the beneficiary. Provide a rationale to support your findings.

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