Answer the following statements true (T) or false (F)
1. An “A-B trust” is also called a credit shelter trust.
2. A “bypass trust” requires the trustor to create two trusts.
3. A “QTIP” trust is a tax provision that allows a trustor to create a trust giving a life interest of all the trust income to a surviving spouse—the remaining trust property passing to someone other than the surviving spouse upon spouse’s death.
4. In a “life insurance trust,” after the trustor creates a revocable trust, he names his trust as the named insurance beneficiary on a life insurance policy, with a beneficiary as the insured.
5. “Charitable trusts” truly do not benefit charitable organizations, but are designed to benefit individuals.
1. T
2. T
3. T
4. F
5. F
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As a general rule, what is the duration of protection for trade secrets if the information remains valuable and secret?
a. 20 years b. 30 years c. 40 years d. indefinitely
The ________, the ultimate goal in a Chapter 7 bankruptcy case, occurs when the judge issues a discharge order, an important document releasing the debtor from liabilities, which clears the way for a fresh start
A) Discharge B) Liquidation C) Finances D) None of the above
?A standard utility application includes only one claim.
Answer the following statement true (T) or false (F)
Briefly discuss at least two disadvantages of using video information as a source for observation in job analysis.
What will be an ideal response?