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Dentify which descriptions apply to ordinary trusts and which ones to irrevocable trusts.
Dentify which descriptions apply to ordinary trusts and which ones to irrevocable trusts.avoids certain taxes
names beneficiary
at time of death
requires beneficiary's
permission for changes
ordinary trusts
transfers assets over
immediately to beneficiary
irrevocable trusts
Final answer:Ordinary trusts transfer assets immediately to the beneficiary, while irrevocable trusts avoid certain taxes.Explanation:Ordinary trusts: transfers assets over immediately to beneficiary. Names beneficiary and at time of death, requires beneficiary's permission for changes.Irrevocable trusts: avoids certain taxes. Names beneficiary and at time of death, requires beneficiary's permission for changes.Learn more about trusts here:brainly.com/question/30025966...
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