All of the following are true of “charitable remainder annuity trusts” except:
a. the trust principal is spent during the trustor's lifetime; the remainder goes to planned giving organizations.
b. a fixed amount of income totaling not less than five percent of the net fair market value of the trust property is given to the beneficiary.
c. the fixed amount is designated when the trust is created and cannot be changed, regardless of the needs of beneficiaries.
d. if the income should become insufficient to pay the beneficiaries, the difference will be paid from he principal.
a. the trust principal is spent during the trustor's lifetime; the remainder goes to planned giving organizations.
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a. DNA b. TAR c. ESI d. NBA
In California, independent paralegals not working under the supervision of a lawyer can register as:
a. Legal document assistants b. Legal writers c. Assistant paralegals d. None of these choices are correct
When parties are not working collaboratively to resolve problems on their own, the supervisor will likely need to intervene at some level to prevent the situation from escalating to true conflict. What situation?
What will be an ideal response?
When there are less than 12 creditors, a single creditor who is owed more than $15,475 may file an involuntary bankruptcy petition.
a. true b. false