A. TrustScenario 1Mr. Anson is a 40-year-old family man with two(2) kids ages five(5) and six(6) years old. Hesummoned his lawyer, Mr. Arenas to set-up atrust fund for his kids in the amount of P 3Mwhich will be maintained with his depositorybank, Banco de Oro. He strictly specified thatthe amount will only be used for the kid'scollege education. The terms of the trust can bechanged by Mr. Anson anytime.Questions:1. What type of trust is applicable in thissituation?2. Identify the grantor(trustor), trustee, andbeneficiaries

A trust is an arrangement which gives the trustee to hold assets placed in the trust. He can act on…

Answered: 1. What type of trust is applicable in…

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1. What type of trust is applicable in thì situation?

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter19: Family Tax Planning

Section: Chapter Questions

Problem 27P

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