Answer the following statements true (T) or false (F)
1. The difference between a charitable remainder annuity trust and a “charitable remainder unitrust” is that the fair market value of the trust property percentage is not fixed for the life of the beneficiary.
2. “Charitable lead trusts” are another form of revocable trusts.
3. In a charitable lead trust, the grantor donates cash or some other income-producing asset to a revocable trust.
4. The “cy pres doctrine” allows a court to find a charity with either the same or similar to give the charitable trust income and principal. This occurs when the original charity identified by the grantor no longer exists.
5. Trustors goals are most often general, as trusts are poor instruments to address specific goals.
1. T
2. F
3. F
4. T
5. F
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Jack and Betsy co-own a small stable. When Betsy dies, her interest in the stable passes to Jack and not to Betsy's heirs. Jack and Betsy must have owned the stable in
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Employee engagement in ________, which created labor unions is covered under NLRA
Fill in the blank(s) with correct word
Class actions help prevent the court system from being overloaded.
Answer the following statement true (T) or false (F)