Homer Smith died in 2013 . His estate consisted of a house worth $550,000, a brokerage account with a date-of-death value of $3.5 million, a bank account containing $55,000, and a truck worth $15,000 . Will his personal representative be required to file Form 706?
What will be an ideal response?
The gross estate is valued at $4,120,000 . The exclusion amount in 2013 was $5 million. The value of the gross estate is below the exclusion amount so the personal representative will not be required to file Form 706.
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After the plaintiff has made a prima facie case, the defendant must counter with his or her own evidence. This is called the defendant’s
A. burden of rejoinder. B. burden of persuasion. C. rebuttal. D. All of these choices.
Which of the following is a way to challenge or attack a legal position or argument based on a statute?
A. The statute being relied on as a guide does not apply. B. The statute is sufficiently broad to allow another interpretation. C. The statute has been misconstrued. D. The statute has been misapplied. E. All of the above F. Answers a, b, and c above G. Answers b, c, and d above
Aaron, Bob, and Carl own property as joint tenants with right of survivorship. During the lifetime of all of them, Aaron sells his interest in the property to Donna. Bob then dies and wills all of his property to Frank. Who are the owners of the property after Bob’s death?
A. Donna, Frank, and Carl B. Aaron, Frank, and Carl C. Donna and Carl D. Carl E. None of the above
?Many legal materials are available on the Internet. Describe five questions you should ask about any legal resource you find on the Internet to winnow down your research results to those that are really useful.
What will be an ideal response?