Tom died with a valid will; however, the will did not contain a residuary clause. Who receives the property that is omitted from the will when there is no residuary clause?
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EXTRA CREDIT (UP TO 3 POINTS) Please discuss in detail the d…
EXTRA CREDIT (UP TO 3 POINTS) Please discuss in detail the duties of a personal representative.
If a person dies intestate, they would owe no federal estate…
If a person dies intestate, they would owe no federal estate tax.
Which of the following would go in Schedule G?
Which of the following would go in Schedule G?
The appointment of a personal representative gives him or He…
The appointment of a personal representative gives him or Her the legal ability to, among other things, determine how assets will be distributed.
To effect a change of domicile there must be an actual aband…
To effect a change of domicile there must be an actual abandonment of the prior domicile, coupled with an intent not to return to it.
A trustee of a trust can be a beneficiary of that same trust…
A trustee of a trust can be a beneficiary of that same trust.
EXTRA CREDIT (UP TO 3 POINTS) Please discuss the four ways t…
EXTRA CREDIT (UP TO 3 POINTS) Please discuss the four ways that a marital deduction trust may distribute property.
A settler is also known as a grantor or trustor.
A settler is also known as a grantor or trustor.
Life insurance trusts are illegal.
Life insurance trusts are illegal.