An irrevocable trust has certain advantages not provided by, Financial Management

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An irrevocable trust has certain advantages not provided by

An irrevocable trust has certain advantages not provided by a revocable trust. Which of the following is (are) advantages of the irrevocable trust over the revocable trust?

I Avoidance of probate

II Potential income and estate tax savings

A. I only

B. II only

C. Both I and II

D. Neither I nor II

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Financial Management: An irrevocable trust has certain advantages not provided by

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