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Drag each label to the correct location on the image. Understand different types of trusts. transfers assets over immediately to beneficiary requires beneficiary's permission for changes

Drag each label to the correct location on the image Understand different types of trusts transfers assets over immediately to beneficiary requires beneficiarys class=

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Answer:

Trust: names beneficiary at the time of death

Irrevocable Trust: Avoids all taxes, transfers assets over immediately to beneficiary, requires beneficiary's permission for changes.

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The correct locations of each label under the types of trusts are:

  • Names beneficiary at the time of death - Trusts.
  • Avoids all taxes. - Irrevocable Trust.
  • Transfers assets over immediately to beneficiary. -Irrevocable Trust.
  • Requires beneficiary's permission for changes. - Irrevocable Trust.

What is the difference between a Trust and an Irrevocable Trust?

A trust is such that a beneficiary is only named when the person who set up the trust, dies.

This is different from an Irrevocable Trust because this has a beneficiary who gains assets as soon as it is set up.

Find out more on Irrevocable Trusts at https://brainly.com/question/7917851.

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