G.59 Types, features, and taxation of trusts Flashcards
Learners will develop a comprehensive understanding of the types, features, and taxation principles of trusts in order to effectively advise clients.
1
Q
Which of the following is not a type of trust?
A. Revocable trust
B. Irrevocable trust
C. Testamentary trust
D. Personal trust
A
D. Personal trust
G.59 Types, features, and taxation of trusts