Briefly Answer the Following Questions

Briefly answer the following questions:
With regard to non-spousal trusts:
A) What is the purpose of the 21-Year Rule?
B) What event occurs on the 21^st anniversary of a trust?
C) What types of properties are subject to the 21-Year Rule?
D) How can the consequences of the 21-Year Rule be avoided?
With regard to spousal trusts:
E) What is the exception to the 21-Year Rule for spousal trusts?

Correct Answer:

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A) The 21 Year Rule prevents trusts from...

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