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 104 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?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Intussusception. A short length of small intestine has telescoped into itself. Intussusception. A short length of small intestine has telescoped into itself.
Ochem molecule contrast chart Ochem molecule contrast chart
Neural Basis of Enhancement of Contrast Neural Basis of Enhancement of Contrast
About 78% of middle-aged adults (aged 40–59) have at least one living parent, and for over a third ... About 78% of middle-aged adults (aged 40–59) have at least one living parent, and for over a third ...
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
Percentage of Americans Living in Communities with a Fluoridated Water Supply, by State. 2012 Percentage of Americans Living in Communities with a Fluoridated Water Supply, by State. 2012
Video: Cleavage and Implantation Animation

For a complete list of videos, visit our video library