Inter vivos trusts are drafted to take effect during the trustor’s lifetime and usually take effect upon their _______________.
Fill in the blank(s) with the appropriate word(s).
Execution
Legal Studies & Paralegal
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The basic purpose of insurance is to?
A. ?encourage lawsuits. B. ?pool risk. C. ?reduce attorneys' fees. D. ?avoid liability.
Legal Studies & Paralegal
List the different ways a trust can be terminated.
What will be an ideal response?
Legal Studies & Paralegal
In a condominium, what is the term for ownership of the areas that all owners are entitled to use, such as the walkways, parking spaces, elevators, swimming pool and clubhouse?
a. Tenancy ownership b. Entirety ownership c. Consistent ownership d. Concurrent ownership
Legal Studies & Paralegal
________ is a motion that asks the court to determine the value of the collateral securing a particular loan or loans
A) Motion to convert B) Motion to converge C) Motion to value collateral D) Motion to dismiss
Legal Studies & Paralegal