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 145 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?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

The most abundant elements found in living organisms The most abundant elements found in living organisms
These older adults are participating in an exercise class at their assisted-living facility These older adults are participating in an exercise class at their assisted-living facility
Continuous positive airway pressure (CPAP) device. The sleeping subject is receiving the benefits of Continuous positive airway pressure (CPAP) device. The sleeping subject is receiving the benefits of
Bergmann’s and Allen’s rules expressed in two rabbit species. (a) A snowshoe hare. (b) A desert-livi Bergmann’s and Allen’s rules expressed in two rabbit species. (a) A snowshoe hare. (b) A desert-livi
Effects of Living in Total Darkness on Monoaminergic Systems Effects of Living in Total Darkness on Monoaminergic Systems
Experiments showing that long- or short-day plants flower in response to night length. Each horizont Experiments showing that long- or short-day plants flower in response to night length. Each horizont
Video: Magnetic resonance imaging (MRI)

For a complete list of videos, visit our video library