Question: What statement pertaining to an inter vivos trust is FALSE? a ) Trust income retained in an inter vivos trust is taxed based on the
What statement pertaining to an inter vivos trust is FALSE? a Trust income retained in an inter vivos trust is taxed based on the same graduated system used for individual taxpayers. b The governing document for an inter vivos trust is a trust deed or indenture.c A transfer of property to an inter vivos trust for less than fair market value may result in the attribution of income to the transferor. d An inter vivos trust can be an effective planning vehicle when the property held in the trust is not expected to generate significant amounts of taxable income each year.
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