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Author Question: Example: Let's visit Donald and Margie Rivers. They have a combined wealth of $13 million. In ... (Read 42 times)

savannahhooper

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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
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Marked as best answer by savannahhooper on Mar 2, 2019

ky860224

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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.
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savannahhooper

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Reply 2 on: Mar 2, 2019
:D TYSM

billybob123

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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