Description:
‘Fairness of the Federal Estate Tax and Income and Principal in Fiduciary Accounting”
Please respond to the following:
Based on the information contained in the textbook, several arguments exist for the
repeal of the estate tax- From the e-Activity, defend the most significant argument
advanced in the repeal of the estate tax by its opponents- Justify you response-
The Uniform Principal and Income Act of 2000 (Uniform Act) allows the trustee to make
adjustments between the principal and income accounts as necessary under certain
requirements- Examine the major reasoning for allowing such transfers by the trustee
and recommend alternatives to the allowance of the adjustments- Justify you
response-
