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19. Charles creates a revocable living trust. What are the typical advantages of creating a revocable living trust? A. Both estate and income tax advantages B. Management advantages as well as estate and income tax advantages C. Estate tax advantages D. Management advantages
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A revocable living trust is a legal arrangement that helps Mr. Charles better control and manage his affairs and property during his life, then securely pass along his family legacy and property to future generations. It maximizes control over property. It maximizes adequate management during life of Mr. Charles and his spouse. Minimize the total tax liability of estate. While in and of itself, the revocable living trust is not primarily a tax saving vehicle, it may be the most convenient way for planning to avoid taxes. So Option B is Correct

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