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Business, 29.03.2021 23:20 cbbentonam72

Khabib transferred $100,000 to an irrevocable trust for the benefit of his minor child, Rickson. The transfer was eligible for the annual exclusion. The trust permits the trustee to accumulate trust income within the trust, and only make distributions to Rickson based upon an ascertainable standard until Rickson is 21 years old. When Rickson attains the age of 21, the trust must terminate and the trust assets must be distributed to Rickson. Which type of trust has Khabib created

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Khabib transferred $100,000 to an irrevocable trust for the benefit of his minor child, Rickson. The...
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