This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Write a short essay in which you compare and contrast the attributes and benefits of a living trust ... (Read 53 times)

ss2343

  • Hero Member
  • *****
  • Posts: 548
on: Aug 3, 2018
Write a short essay in which you compare and contrast the attributes and benefits of a living trust with a testamentary trust.
 
  What will be an ideal response?

Question 2

Bribery and extortion are different names for the same crime.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Chou

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Aug 3, 2018
Answer to Question 1

Students should explain the key attributes of both trusts. Living trusts become effective upon execution, whereas testamentary trusts take effect only when funded after the death of the testator. Living trusts can be used to avoid probate, whereas testamentary trusts require a probate proceeding.

Answer to Question 2

FALSE


ss2343

  • Hero Member
  • *****
  • Posts: 548
Reply #2 on: Aug 3, 2018
Both answers were spot on, thank you once again


Chou

  • Sr. Member
  • ****
  • Posts: 335
Reply #3 on: Aug 3, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

An example of genetic homology: a comparison of a short amino acid sequence within the p53 protein f An example of genetic homology: a comparison of a short amino acid sequence within the p53 protein f
These older adults are participating in an exercise class at their assisted-living facility These older adults are participating in an exercise class at their assisted-living facility
Anthropologist Andrea Wiley (left) investigates the effects of high-altitude living on reproductive Anthropologist Andrea Wiley (left) investigates the effects of high-altitude living on reproductive
Working and Living and Playing in the City Dump of Phnom Penh, Cambodia Working and Living and Playing in the City Dump of Phnom Penh, Cambodia
Write the equation in general form of the line passing through the point Write the equation in general form of the line passing through the point
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Membrane Protein and Facilitated Transport (Passive Vs Active)

For a complete list of videos, visit our video library