List the advantages and disadvantages of the sprinkling and spray trusts.
What will be an ideal response?
Advantages include: Allows the trustee the ability to distribute the trust assets to the beneficiaries the trustee believes are most deserving and needy; allows for unforeseen or unwelcome events at the time of the trust’s execution; allows the trustee to distribute income to those beneficiaries in lower tax brackets, saving trust assets from income tax, sprinkling and spray trusts have a built-in spendthrift provision, and sprinkling trusts may also save estate taxes for those people with exceptionally high net worth. Disadvantages include: The trustee is given tremendous amount of power and has the sole discretion to allocate trust assets to the beneficiaries, and trusts such as these can give rise to lawsuits.
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Total quality management insists that every person in the firm must take pride in his or her work.?
Answer the following statement true (T) or false (F)
What ethical issues might be raised in a review of a list of applications software programs on computers in the law office?
What will be an ideal response?
What is the name of the U.S. Supreme Court case decided in 1973 that held that a state law banning abortion was unconstitutional because it violated the right to privacy implied in the Fourteenth Amendment?
a. Gideon v.Wainwright b. Lawrence v. Texas c. Baker v. Carr d. Roe v. Wade
In federal court, a motion for judgment notwithstanding the verdict is now called a motion for .
Fill in the blank(s) with the appropriate word(s).