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    Small Business Management
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    Exam 22: Management Succession and Risk Management Strategies in the Family Business
  5. Question
    A Trust Is a Contract Between a Grantor and a Trustee
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A Trust Is a Contract Between a Grantor and a Trustee

Question 7

Question 7

True/False

A trust is a contract between a grantor and a trustee which shields all assets from any federal tax and permits the small business owner to pass on his/her business without tax loss.

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