After all other bequests have been made under a will, which clause is used to distribute whatever assets remain?
a. No contest provision
b. Residuary clause
c. Option to purchase property
d. Testamentary trust
b
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Federal rules require a party withholding privileged information to?
A. ?provide identification of that information to the opposing party. B. ?be penalized. C. ?file an affidavit with the court. D. ?reveal the information thirty days before trial.
Crichton, Michael. (2004). State of Fear. Harper Collins.
What will be an ideal response?
Which of the following statements about trusts is true?
a. A trust is created by a trustee and appoints a settlor to administer the trust. b. A Marital Deduction Trust is utilized to disinherit a surviving spouse. c. The Rule against Perpetuities requires that an interest must vest, if at all, within 21 years (plus the period of gestation) after the life of a person or persons living at the time of the creation of a trust. d. A court may find a resulting trust for the benefit of a charity.
Clara Client has just been presented with a standard representation agreement by the law firm of Yatz & Berger. Clara's first language is German. Although she speaks and reads everyday English quite well, the legal terms in the contract confuse her. Yatz & Berger should
A) have someone in the firm, if possible, or a translator from outside of the firm, explain the terms of the contract thoroughly until Clara has a full and complete understanding of its terms. B) advise Clara to take the contract home and study it before signing it. C) have a paralegal explain the most important clauses in the contract to Clara in smaller, plain English words. D) advise Clara to sign the contract and take her copy home for study.