Correct, but if he intends to give away 100% of the proceeds (and presumably considers EVF effective), it has the same effect.
My comment was not to say “he should do x” but instead say “if he intends to do x and remain a trustee, this is a good way to structure it”.
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Correct, but if he intends to give away 100% of the proceeds (and presumably considers EVF effective), it has the same effect.
My comment was not to say “he should do x” but instead say “if he intends to do x and remain a trustee, this is a good way to structure it”.