Register
Orin creates an irrevocable living trust to pass his 1/3rd of his assets, including stock in Petro Oil Company and other business investments, to his heirs. One advantage of this arrangement is that A.
147k views
2 votes
Orin creates an irrevocable living trust to pass his 1/3rd of his assets, including stock in Petro Oil Company and other business investments, to his heirs. One advantage of this arrangement is that A. the trust earnings become public. B. the assets are doubled. C. Orin avoids having to pay death taxes on these assets. D. the assets can be transferred without going through probate.

User Chaosink
by
6.3k points

1 Answer

5 votes

Answer:

C. Except it isn't Orin that will avoid the taxes, but his heirs.

Step-by-step explanation:

User Noisecapella
by
5.8k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.6m questions

8.8m answers

Other Questions

One reason that businesses want to combine with other businesses is to A. avoid taxes. B. delay expenses. C. hire more workers. D. reduce expenses.
Which of the following possesses the sole power to create revenue bills?
Which of the following is an example of a fixed expense? A.) Clothing B.) Rent C.) Food D.) Entertainment
A ______ is "the basic interpretive mechanism to let people know what an organization is doing and are sent out to editors and reporters in hopes of stimulating favorable stories about their organizations"
All of the following are fees typically charged by credit card companies EXCEPT: A. Late payment fee B. Balance Transfer fee C. Annual membership fee D. Reload fee
Link Copied!