1. List five names used to describe the property that is held in a trust.

What will be an ideal response?


Res, corpus, principal, fund, trust property.

Legal Studies & Paralegal

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Which of the following is indirect evidence that is offered to establish, by inference, the likelihood of a fact that is in question??

A. Direct evidence? B. Relevant evidence? C. Circumstantial evidence? D. Evidence?

Legal Studies & Paralegal

If taxes are owed and extension to pay the estate tax may be granted by the IRS for a 12-month period for a reasonable clause. This is an example of:

a. Disclaimer clause b. Post-mortem estate planning c. Qualified Terminable Interest Property d. Internal Revenue Code 26 U.S.C.

Legal Studies & Paralegal

A promise to make a gift has traditionally been considered?

A. ?voidable. B. ?void. C. ?unenforceable. D. ?enforceable.

Legal Studies & Paralegal

Which of the following is not TRUE with respect to child support?

A) A step-parent owes a duty of child support to step-children he or she has adopted. B) A parent's child support obligation automatically terminates when the child reaches the age of majority in every state. C) Child support refers to a parent's legal obligation to contribute to the economic maintenance of a child until the age of majority, emancipation, or some other circumstance specified by a court. D) A parent's duty to support his or her child may continue even if the child is in the custody of a governmental agency such as a residential treatment program.

Legal Studies & Paralegal