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Ace the Cannon Trust School Level II Exam 2026 – Elevate Your Expertise! Flash Cards

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A grandparent establishes an irrevocable trust with income to her child for his life and then to his children. She funds the trust with assets valued at $4,000,000 and allocates $1,000,000 of her lifetime GST exemption. The inclusion ratio for this trust is:

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75%

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