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Estate Finance Family Tax Plan Question 1. On January 2, 2000, Larry creates a trust with...

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Accounting

Estate Finance Family Tax Plan Question

1. On January 2, 2000, Larry creates a trust with himself astrustee. Larry as trustee may distribute income and principal toSusie and Leon to provide for their health, education, maintenanceand support. Upon Larry's death, the remainder is distributed toSusie and Leon equally. Does Larry's power to distribute principaland income cause the trust to be grantor as to Larry under § 671?Why or why not?

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