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Question
Orin creates a living trust to pass his assets, including stock in Petro Oil Company and other business investments, to his heirs. One advantage of this arrangement is thatA.income taxes do not have to be paid on trust earnings.
B.the assets are sheltered from the payment of estate taxes.
C.the assets can be transferred without going through probate.
D.the trust does not come into existence until the grantor's death.
Answer
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