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Author Question: If property in a trust is left for a charity and the charity no longer exists or has merged with ... (Read 57 times)

strangeaffliction

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on: Mar 2, 2019

Question 1

Which of the following is the correct way to apply the gift tax exemption for the 2016 cash amount?


◦ Tom has 10 grandchildren and gifts each child $16000, for a total of $160,000
◦ Tom has 10 grandchildren and gifts each child $14000, for a total of $140,000
◦ Tom has 4 grandchildren and he gifts them each $20000, and 6 great-grandchildren which he gifts each $10000, for a total of $140,000
◦ Tom gifts his two grandchildren $70,000 each, for a total of $140,000

Question 2

If property in a trust is left for a charity and the charity no longer exists or has merged with another charity, this is what happens:


◦ The property is transferred to the next beneficiary
◦ The cy pres doctrine is imposed
◦ The property is turned over to the state
◦ The charitable doctrine is imposed
Wills, Trusts, and Estates Administration ¦ Herskowitz ¦ 5th Edition
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Marked as best answer by strangeaffliction on Mar 2, 2019

alexisweber49

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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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strangeaffliction

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Reply 2 on: Mar 2, 2019
YES! Correct, THANKS for helping me on my review

abro1885

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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