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Trusts are often seen as unfavorable for estate planning and asset protection because they can be complex and costly to set up and maintain. Additionally, trusts may not always provide the level of control and flexibility that individuals desire over their assets. Furthermore, trusts can sometimes be subject to legal challenges and may not always offer the level of protection from creditors that individuals may expect.

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5mo ago

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Continue Learning about General History

What are the different fields of law?

There are General Practitioners, which cover pretty much anything. Then the following are some of the many specialties: Probate, Trusts and Estate, Tax, Corporate, Patent and Trademarks, Criminal Defense, Prosecutors, Medical Malpractice, Tort (Slip and fall, accidents, etc.) Family Law (Divorce and custody), Property and Real Estate, Civil Rights, Constitutional Law, Admiralty, Immigration Law, Agency, Consumer Protection, and Elder Law. And within each field of practice you can divide up into various specialties. Some specialize in Litigation while others prefer to handle Appeals


How does President Roosevelt felt about trusts?

President Theodore Roosevelt viewed trusts, or large corporate monopolies, with a mix of skepticism and pragmatism. He believed that while some trusts could promote efficiency and innovation, many were creating unfair competition and exploiting consumers. As a result, he championed the regulation of these trusts through antitrust measures, most notably with the Sherman Antitrust Act, to ensure fair competition and protect the public interest. Roosevelt's approach was to distinguish between "good" trusts that benefited society and "bad" trusts that harmed it.


What were the arguments for and against trusts?

8===================D


The goal of the sherman antitrust act was to?

to prevent monopolies by big corporations or trusts-study island-


Why is the Sherman antitrust act important?

To outlaw trusts and stuff

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Can a trust eliminate a husband's right to one third of his wife's estate if he is omitted from her will.?

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