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Author Question: Which of the following is not considered a liability? (Read 65 times)

ec501234

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on: Mar 2, 2019

Question 1

Power of appointment:


◦ Can be formal or informal
◦ Can be a lot or a little
◦ Can be limited or general
◦ Can be specific or general

Question 2

Which of the following is not considered a liability?


◦ Credit card debt
◦ Outstanding mortgage
◦ Cottage that does not have a mortgage
◦ Medical expenses
Wills, Trusts, and Estates Administration ¦ Herskowitz ¦ 5th Edition
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kmb352

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Reply #1 on: Mar 2, 2019

Answer 1

Can be formal or informal

Answer 2

Cottage that does not have a mortgage


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