What is the difference between a revocable and an irrevocable trust? Identify a circumstance where each would
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
An irrevocable trust is a permanent transfer of prop...View the full answer
Answered By
Aqib Parvej
I am teaching since my graduation time so I have teaching experience of about 5 years and in these years I learn to teach in the best and interesting way .
4.80+
20+ Reviews
41+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business Law questions
-
What is a trust? Describe the features and benefits of an inter vivos trust. What are the disadvantages? What is the difference between a revocable and an irrevocable inter vivos trust?
-
What is the difference between a salary allowance for allocating profit among partners and salary expense? Between an interest allowance and interest expense?
-
What is the difference between a favorable cost variance and an unfavorable cost variance?
-
Describe Robertson Tool's business risk, making critical judgments. Consider the volatility of its revenues and operating expenses, therefore appraising the volatility of its EBIT. HINT: Consider the...
-
Sydney Siebenthaler, the audit manager for Jennifers Running Shirts Inc., has just returned from a continuing education class on audit sampling and now wants to use discovery sampling or sequential...
-
Which statement about a credit note is correct? A. It is sent to a customer when there has been an overcharge on an invoice. B. It is sent to a customer when there has been an undercharge on an...
-
Para desarrollar la estrategia de promocin para su plan de marketing, siga los pasos que se sugieren en la fase de planificacin del proceso de toma de decisiones para la promocin de la figura 17-6. 1...
-
The Ace Steel Mill estimates the demand for steel in millions of tons per year as follows: Millions of Tons Probability 10 ..................10 12 ..................25 14 ..................30 16...
-
PLEASE CALCULATE EPS RATIOS Use the balance sheet provided and the additional information below: Information to Assist you with 3 of your 7 Ratio Calculations is noted below: - Gross Margin ( assume...
-
Gregorie Tool & Die reports the following information for the quarter: Required Select the answer for each of the following costs. a. Variable cost per unit. 1. $30 2. $35 3. $42 4. $45 b. Variable...
-
Discuss situations in which a directive to physician would apply. A durable power of attorney? What ethical dilemmas do these instruments create?
-
First Virginia Bank of Tidewater was the trustee of a testamentary marital trust. In the course of the bank's service as trustee, it invested $40,000 in real estate investment trusts (REIT). The...
-
Match the inequality in each exercise in Column I with its equivalent interval notation in Column II. 6 x A. (-2, 6] B. [-2, 6) C. (-, -6) D. [6, ) E. (-, -3) (3, ) F. (-, -6) G. (0, 8) H. (-, ) I....
-
Evaluate the following definite integrals as limit of sums: 1. (x (x-x)dx [(2x 2. (2x+5x)dx 3. (2x + +3x+1)dx
-
Evaluate as limit of sums Jr- 3+1dx 1
-
1. 3. Example: Evaluate the following definite integrals as limit of sums: e'dx fedx 2. Je dx 4.
-
Evaluate the following definite integrals as limit of sums: 1. 2 2. 5*x
-
Evaluate the following definite integrals as limit of sums: 1. sin sinxdx 2. 0 /4 cos.xdx 3. sin x dx 2/6
-
Considering the Gallo wine case, are there any current wine companies for whom this strategy would not have worked? Why?
-
The nitrogen atoms in N2 participate in multiple bonding, whereas those in hydrazine, N2H4, do not. (a) Draw Lewis structures for both molecules. (b) What is the hybridization of the nitrogen atoms...
-
Are the advertisements for the Helsinki Formula deceptive?
-
1. Could the Helsinki Formula cure or prevent baldness? 2. Then why did 70% of the men who used the Helsinki Formula for six months or more report positive results?
-
Whats so bad about the placebo effect? As long as the men end up with more hair, who cares how or why?
-
Each week you must submit an annotated bibliography. Entries of current events relating to the economic concepts and the impact on the company or the industry of your company. You must use acceptable...
-
Fluffy Toys Ltd produces stuffed toys and provided you with the following information for the month ended August 2020 Opening WIP Units 5,393 units Units Started and Completed 24,731 units Closing...
-
Part A Equipment 1,035,328 is incorrect Installation 44,672 is incorrect Anything boxed in red is incorrect sents 043/1 Question 9 View Policies Show Attempt History Current Attempt in Progress...
Study smarter with the SolutionInn App