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Jada wants to transfer some assets to a trust this year; the income beneficiaries will...

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Accounting

Jada wants to transfer some assets to a trust this year; the
income beneficiaries will be her two grandchildren. The trust
income and assets will be used to pay the grandchildrens tuition
to private high schools and universities. Upon the younger
grandchilds graduation, the trust assets will return to Jadas
ownership. Identify tax issues related to Jadas plan to use a
temporary fiduciary entity.

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