What is the meaning of alimony?
What will be an ideal response?
Alimony is ordinary income, per IRS Publication 504, taxable to the recipient, deductible to the payor. The recipient spouse should file quarterly estimated taxes to avoid a lump- sum due at the end of the year. The spouses must not file a joint return, and:
• Payment is in cash or cash equivalents (checks, money orders);
• The divorce/separate maintenance/support decree designates it as alimony;
• Payment is not child support; and,
• The spouses no longer live together.
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During the family conference, the paralegal or the supervising attorney should:?
A. ?Provide family members with a list of personal debts B. ?Assume no family members were owed a debt by the deceased C. ?Provide family members with the names of the deceased's financial advisers D. ?Discuss the need for appointing fiduciaries
Why is it necessary to preserve evidence in its discovered state?
What will be an ideal response?
The Bourne Ultimatum (2007)
What will be an ideal response?
A separate trust account may be opened for a client
a. if there are many transactions from the trust account b. if there is a lot of money deposited into the trust account c. for convenience d. all of the above e. none of the above