In a marital trust, when the first spouse dies:
a. The surviving spouse is the beneficiary of both portions of the trust and the children are the beneficiaries of the remaining interest
b. One portion of the trust become irrevocable called the bypass trust
c. The bypass trust is funded with the deceased spouse’s exemption amount
d. All of the above
d. All of the above
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Curtesy rights allow a widow a certain percentage of her deceased husband’s property.
Answer the following statement true (T) or false (F)
What do you call an expatriate’s country of residence?
A. host country B. home country C. third-country nation D. third-world nation
Costs of title and recording fees and inspection reports are characteristic of:
A. The broker's costs B. The lender's costs C. The seller's costs D. The buyer's costs
The recommended format for the analysis section of an office legal memorandum includes the:
A. issue. B. rule of law. C. application of the law to the client's facts. D. conclusion. E. all of the above. F. b and c. G. b, c, and d.