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

Author Question: Example: Let's visit Donald and Margie Rivers. They have a combined wealth of $13 million. In ... (Read 37 times)

savannahhooper

  • Hero Member
  • *****
  • Posts: 576
on: Mar 2, 2019

Question 1

When the trustee has the sole discretion to make the determination regarding how the trust assets are distributed, this type of trust is called:


◦ Discretionary trust
◦ Revocable trust
◦ Inter vivos trust
◦ Testamentary trust

Question 2

Example: Let's visit Donald and Margie Rivers. They have a combined wealth of $13 million. In January of 2016, Donald Rivers dies. When he dies, $11.4 million of the assets are Donald's. This portion of the trust will be funded with $5,970,000. This amount of money is the irrevocable portion of the trust and not subject to estate taxes upon Donald's death, taking full advantage of his estate tax credit. This amount is arrived at by taking the amount Donald had at his death, $11.4 million and subtracting the $5,430,000 of the estate tax exemption. This is an example of?


◦ Discretionary trust
◦ Bypass trust
◦ Revocable trust
◦ Testamentary trust
Wills, Trusts, and Estates Administration ¦ Herskowitz ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by savannahhooper on Mar 2, 2019

ky860224

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Mar 2, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 42% of students answer this correctly


savannahhooper

  • Member
  • Posts: 576
Reply 2 on: Mar 2, 2019
YES! Correct, THANKS for helping me on my review

zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Major rivers throughout the world. Major rivers throughout the world.
Rivers Are a Product of Their Watersheds Rivers Are a Product of Their Watersheds
Luna Park at Coney Island was a vast living theater in which strollers were both spectators and acto Luna Park at Coney Island was a vast living theater in which strollers were both spectators and acto
A Global Bloom: Cities With Over One Million Residents A Global Bloom: Cities With Over One Million Residents
Distribution of Thunderstorms: Approximately 14.5 million thunderstorms occur each year across the ... Distribution of Thunderstorms: Approximately 14.5 million thunderstorms occur each year across the ...
Seas, Rivers, and Ports Seas, Rivers, and Ports
Video: Pressure volume relationships - Normal inspiration and expiration

For a complete list of videos, visit our video library