The Joint Property Tax Trap: The Perils and Pitfalls of

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Language: English

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As the grantor, you will generally receive income from the trust during your lifetime or for a fixed number of years. However, creating a trust has some limitations as listed below: • Wrong selection of the trustee may impact the objective of trust largely. • Drafting a trust deed is complex than making a will and if not drafted properly, may become an obstacle to its execution. • There is also a price associated with forming a trust which is not there in case of a Will. • Assets: Assets are something that you own.

Pages: 52

Publisher: Domestic Partner Publishing, LLC (January 1, 2010)

ISBN: 0980064481

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