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.
1. False
2. False
3. False
4. False
5. True
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Estate tax is a typeof death tax.?
Answer the following statement true (T) or false (F)
The purpose of a financial worksheet is not:
A. To identify the client's income and assets. B. To determine how assets are held or titled. C. To identify the client's expenses and liabilities. D. To give the client something to do while waiting for a trial date.
A(n) _______ is a written accusation by the grand jury charging the accused with a criminal act.?
A. ?warrant B. ?writ of habeas corpus C. ?affirmation D. ?indictment
Which of the following is an important writing resource for paralegals?
a. Black's Law Dictionary b. The Bluebook: A Uniform System of Citation c. The Redbook: A Manual on Legal Style d. Black's Law Dictionary and The Bluebook: A Uniform System of Citation e. All of these choices are correct