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Identify tax issues related to Jada plan

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Reference no: EM132650978

Problem - Jada wants to transfer some assets to a trust this year; the income beneficiaries will be her two grandchildren. The trust income and assets will be used to pay the grandchildren's tuition to private high schools and universities. Upon the younger grandchild's graduation, the trust assets will return to Jada's ownership. Identify tax issues related to Jada's plan to use a temporary fiduciary entity.

Reference no: EM132650978

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