What is the limit on the amount that can be given gift-tax free to a qualified charity?

a. $500,000

b. $250,000

c. No limit

d. $1,000,000

Tenancy by the entirety differs from joint tenancy in that tenancy by the entirety can exist only

a. among siblings.

b. among family members.

c. between spouses.

d. for an individual.

A living trust is not valid unless it is an irrevocable trust in which the one establishing the trust relinquishes title to the property placed in the trust and gives up the right to manage the property.

a. Trueb. False

For your will to be valid, you must have

a. been of sound mind when creating it.

b. not been under the undue influence of another person when creating it.

c. had the will executed properly according to the laws of your state.

d. done all of these.