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Author Question: Write a short essay in which you compare and contrast the attributes and benefits of a living trust ... (Read 171 times)

ss2343

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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


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Chou

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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

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Reply #2 on: Aug 3, 2018
Both answers were spot on, thank you once again


Chou

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Reply #3 on: Aug 3, 2018
Great! Please up vote :D


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