1. What are the advantages of a sprinkling or spray trust?
What will be an ideal response?
? Gives the trustee the ability to distribute the assets to the beneficiary or beneficiaries that the trustee believes are the most deserving or needy. The trustor does not have to make the decisions himself.
? The trust provides for unseen circumstances
? Income can be distributed to beneficiaries in lower tax brackets which saves trust assets from income tax.
? Built in spendthrift provision shields trust principal from creditors
? May save estate taxes.
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A(n) ________ occurs when one area of legal practice is influenced by another
Fill in the blank(s) with correct word
Which provides the authority ofa court over the actual dispute between the parties?
A. Federal statute B. Long-arm statute C. Subject matter jurisdiction D. Quasi in remjurisdiction
Elder law is really a combination of other areas of law that affect the elderly
Indicate whether the statement is true or false
Explain what an IOLTA is.
What will be an ideal response?