Sign In
Ask Question
Dominique Carter
Business
12 July, 09:48
What are the benefits of setting up a trust?
+2
Answers (
1
)
Toots
12 July, 10:04
0
Setting up a trust have some benefits, these include: (1) avoiding taxes. (2). It empowers one to protect his estate and determine how the trust is to be spent, even after one's death. (3) Provision of funds for educational purpose. (4). Provision of funds and benefits for charities and institutions. (5). Grant one the opportunity of avoiding probate.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Find an answer to your question 👍
“What are the benefits of setting up a trust? ...”
in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Napoli Manufacturing has old equipment that cost $52,000. The equipment has accumulated depreciation of $28,000. Napoli has decided to sell the equipment. (Credit account titles are automatically indented when amount is entered.
Answers (1)
Prepare the journal entries to record the following transactions on Cullumber Company's books using a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.
Answers (1)
A home based business is part of what industry
Answers (1)
Capital gains refer to profits from the sale of investments. true false
Answers (1)
Suppose you were asked to restock the shelves after a truck delivery and there was a lot of merchandise to put away
Answers (2)
New Questions in Business
Under what circumstances is it advantageous for a taxpayer to make a nondeductible contribution to a traditional IRA rather than a contribution to a Roth IRA? Tax Payer Status Maximum AGI limit Starting phase out limit a. Married filing joint b.
Answers (1)
A production department's output for the most recent month consisted of 9,400 units completed and transferred to the next stage of production and 6,400 units in ending Work in Process inventory.
Answers (2)
Sharon Silver is an attorney in Los Angeles. Silver uses the directâ write-off method to account for uncollectible receivables. At April 30 comma 2018â, Silverâ's accounts receivable totaled $ 22 comma 000.
Answers (1)
A short-term note payable with no stated rate of interest should be! a. recorded at maturity value. b. recorded at the face amount. c. discounted to its present value. d. reported separately from other short-term notes payable.
Answers (1)
In the context of the EOQ model, the term "sawtooth" refers to which of the following? a. How aggressively managers are able to cut inventory levels. b. The pattern of inventory consumption and replenishment over time. c.
Answers (1)
Home
»
Business
» What are the benefits of setting up a trust?
Sign In
Sign Up
Forgot Password?