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?
a. Discretionary trust
b. Bypass trust
c. Revocable trust
d. Testamentary trust
b. Bypass trust
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Regarding the attorney-client privilege:
A) Communications between the client and paralegal are not included B) Communications between the attorney and paralegal are not included C) Communications between the client and paralegal are included D) None of the above
In the Greenway Chemical case, Jack's trial team had amassed hundreds of photos, maps, graphs, videos, and document images that they intended to display for the jury over the course of a trial that was expected to last several weeks. The various images and documents were created with a variety of applications, and existed in a variety of formats. Although Jim Cassidy, Jack's paralegal, had
created a "master list" of files, listing them in the sequence they were planned to be presented, these files were all scattered among many different folders on a hard drive. It was expected that this sequence would change, perhaps many times, during the course of the trial as defense objections were sustained, witnesses altered their testimony, or new ideas arose. Jack wanted to focus on his trial lawyering skills, such as cross-examining witnesses and speaking to the jury, without having to worry about organizing the exhibits. What tools are available to help with this aspect of the litigation? How can they help Jack's team?
Agency statements of policy and interpretation adopted by the agency but not published in the Federal Register must be made available for inspection and copying
a. True b. False
Which istypically the punishment associated withmisdemeanorcrimes?
A. Fine or detention of less than one year B. Fine and detention of more than one year C. Fine of less than $5,000 and less than six months detention D. Fine of more than $5,000 and detention of more than six months