Question: Kramer (age 63) established a trust and named his second wife, Theresa (age 50), as income beneficiary for 20 years. After 20 years, Kramers son
Kramer (age 63) established a trust and named his second wife, Theresa (age 50), as income beneficiary for 20 years. After 20 years, Kramers son Trevor (age 40) and nephew Bob (age 25) are to receive lifetime income interests. After the death of both Trevor and Bob, the remainder passes equally to Kramers granddaughter Sara (age 20) and great-granddaughter Hope (age 1). How many younger generations are there in this trust arrangement?
-
A.2
-
B.1
-
C.3
-
D.4
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
