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Business, 08.01.2021 17:30 JJJuliedavis

All of the statements regarding a dynasty trust are correct, except: A. Distributions of trust assets are postponed as long as possible. to avoid payment of estate taxes.
B. A transferor can allocate a portion of a GST exemption to each premium payment made to an ILIT to offset GST tax when there are skip-person beneficiaries.
C. A GST exemption applied to annual premiums in an ILIT protects the trust corpus from GST tax.
D. Dynasty trusts can be established in all states.

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All of the statements regarding a dynasty trust are correct, except: A. Distributions of trust asse...
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