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Which of the following statements best describes an irrevocable trust? A. The settlor can rescind the trust, is considered the legal owner of the assets for tax purposes, and claims can be made against the trust assets. B. The trust cannot be revoked, the settlor is considered the owner of the assets for tax purposes, and the assets are protected from claims against the trust. C. The settlor relinquishes ownership and control, the trustee is considered the owner of the assets for tax purposes, and assets are protected from claims against the settlor. |