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 28 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
Excellent

hollysheppard095

  • Member
  • Posts: 339
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

The cranium of early African H. erectus KNM-ER 3733 is nearly 1.8 million years old. The cranium of early African H. erectus KNM-ER 3733 is nearly 1.8 million years old.
Cranial capacity has increased approximately fourfold over the last 3.5 million years of hominin evo Cranial capacity has increased approximately fourfold over the last 3.5 million years of hominin evo
Shifts between Warm and Cold Periods during the Last 3 Million Years Shifts between Warm and Cold Periods during the Last 3 Million Years
The Distribution of the Earth's Wealth The Distribution of the Earth's Wealth
Seas, Rivers, and Ports Seas, Rivers, and Ports
Earth 65 Million Years Ago Earth 65 Million Years Ago
Video: Introduction to Eating Disorders

For a complete list of videos, visit our video library