(Answered) Question - trusts have a variety of purposes ranging from

Accounting

Question - Trusts have a variety of purposes, ranging from asset protection to providing financial support to a minor or a mentally incapacitated individual. Trusts also have significant tax planning advantages. In this activity, research simple trust and report your findings.

What flexibility does a simple trust offer that other trusts do not? What are its advantages and disadvantages? Cite trade publications, law review articles, and other relevant sources in support of your answer.

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