Two years later as the business continues to succeed Anthony wants to establish a legacy and make provision for a charity for disadvantaged kids to access playing golf. He has heard about a trust account and wants to know how they operate and whether it is a suitable option.   Q5a. Describe how a trust operates.

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter23: Exempt Entities
Section: Chapter Questions
Problem 18P
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Two years later as the business continues to succeed Anthony wants to establish a legacy and make provision for a charity for disadvantaged kids to access playing golf. He has heard about a trust account and wants to know how they operate and whether it is a suitable option.

 

Q5a. Describe how a trust operates.

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