Question: Irrevocable trusts can avoid probate and reduce estate taxes because the assets contained within the trust are _ _ _ _ _ _ _ _
Irrevocable trusts can avoid probate and reduce estate taxes because the assets contained within the trust are when the trust is created, and it is to reverse this action.
Group of answer choices
removed from the estate entirely; impossible
reclassified for taxation purposes; impossible
removed from the estate entirely; expensive and time consuming
untouchable until the fund matures; necessary to sue the trust
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