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American College Exam HS330 Topic 1 Question 28 Discussion

Actual exam question for American College's HS330 exam
Question #: 28
Topic #: 1
[All HS330 Questions]

A man is planning to establish and fund an irrevocable trust for the benefit of his two sons, ages 19 and 22, and plans to give the trustee power to sprinkle trust income. From the standpoint or providing federal income, gift, and estate tax savings, which or the following would be a suitable trustee?

l. The grantor of the trust

II. The grantor's 22-year-old son

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Suggested Answer: D

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