Varying a trust to avoid tax can result in large savings to the beneficiaries.

Question

Quizplus · Accepted Answer

Varying a trust, for example by changing the distributions or the terms of the trust, can have tax implications that can result in significant savings for the beneficiaries. This is because different tax rates and exemptions may apply depending on the structure of the trust and the timing of distributions. However, it is important to note that any changes to a trust should be carefully considered and made with the advice of a trusted legal and tax professional.

Varying a Trust to Avoid Tax Can Result in Large