Andrew and Charlotte were smart before they got married. They entered into a premarital agreement. This agreement allowed Charlotte to receive alimony. The agreed-upon amount was not a fixed amount, so she could actually receive more than is stated. This is based on:
A. An escalation clause or cost-of-living clause.
B. The mandatory application of a state spousal support formula.
C. A constructive contract.
D. The fact that limiting spousal support is per se unconscionable.
Answer: A
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Answer the following statements true (T) or false (F)
1. EIN are not required for trusts, since it is not a taxable entity. 2. The personal representative is only responsible for filing a federal tax return, because the state taxes will be handled through the state probate court. 3. No estate planning can occur after the decedent has died. 4. If the personal representative chooses to apply an alternative value on the assets, and all-in-all the property value increased, then the personal representative will have to pay more estate taxes. 5. Life insurance policies are non-probate assets and pass immediately to the beneficiary.
Which of the following is not a question that might need to be asked to establish jurisdiction?
a. How long have you lived at this address? b. Are you or is your spouse an active member of the military? c. How much did you pay for your house? d. Do you spend time at a residence in any other county or state?
A trip undertaken by an employee that has both work-related and personal aspects: _____________________.
Fill in the blank(s) with the appropriate word(s).
An alphabetical index by last name of all purchasers and holders of mortgages and security deeds is known as a grantor index.
Answer the following statement true (T) or false (F)