Establishing a trust arrangement

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Which one of the following is NOT a reason for, or an advantage of, establishing a trust arrangement?

(a) Professional money management of the trust assets by the trustee.

(b) Possibility of minimizing or avoiding transfer taxes like estate and gift tax.

(c) Privacy and the avoidance of probate with respect to trust property.

(d) The Grantor can make provisions for the care and support of his or her loved ones after death. (e) Trusts are inexpensive.

Reference no: EM131506490

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