Trusts continue to be widely used in today's estate and financial plans. Different trusts are set up for various reasons. Examples include testamentary trusts in wills to ensure adequate income to the surviving spouse and discretionary trusts used to spread income to several beneficiaries. Where a person wishes to transfer property to a named beneficiary as part of an estate plan, a trust provides an excellent vehicle for this purpose. In the case of capital property, tax on the capital appreciation within the trust is deferred until disposition. 

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