What flexibility does your trust offer

Reference no: EM133354063

Question: Small Group Discussion: Types of Trusts This is a group activity. For more information on groups, please see About Group Work. Trusts have a variety of purposes, ranging from asset protection to providing financial support to a minor or a mentally incapacitated individual. Trusts also have significant tax planning advantages. In this activity, you will be assigned to a group with four of your peers. Each of you will research a type of trust (simple, complex, testamentary, inter vivos, etc.) or a trust that is a combination of several types (e.g., a testamentary trust that is also complex) and report your findings back to your group. What flexibility does your trust offer that other trusts do not? What are its advantages and disadvantages? Cite trade publications, law review articles, and other relevant sources in support of your answer. After everyone in the group has reported on a type of trust, build on one another's ideas until, as a group, you have fully fleshed out the advantages and disadvantages of each type of trust presented.

Reference no: EM133354063

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