Author Question: Parties contemplating cryopreservation should expect the possibility of a child(ren) conceived ... (Read 83 times)

meagbuch

  • Hero Member
  • *****
  • Posts: 568
Parties contemplating cryopreservation should expect the possibility of a child(ren) conceived posthumously and make a will for their intentions regarding their offspring.
 
  Indicate whether the statement is true or false

Question 2

Robert and Gerry have been married twenty years. Before they married, Robert owned a vacation home valued at 350,000. During the fifth year of their marriage, he sold the property, placed the funds in his bank account for two days, and then immediately purchased a home for them to use as a marital residence and put it in Gerry's name for estate planning purposes. Gerry paid the taxes and insurance on the property for the fifteen years they lived there as husband and wife. Which of the following is an accurate statement?
 
  A) In a source of funds state, the property will belong to Gerry.
  B) In an inception of title jurisdiction, the property will belong to Gerry.
  C) Robert will be unable to claim any interest at all in the property because it has transmuted into marital property from separate property.
  D) Robert will be unable to claim any interest in the property because he will be unable to trace the funds from the sale of the vacation property.



amandanbreshears

  • Sr. Member
  • ****
  • Posts: 320
Answer to Question 1

TRUE

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

For a complete list of videos, visit our video library