?The money in a Totten trust is a probate asset.
Answer the following statement true (T) or false (F)
False
The money in a Totten trust is a nonprobate asset.
You might also like to view...
?Which of the following is true of a partnership?
A. ?Neither partner is personally liable for the debts and obligations of the business. B. ?Both partners are personally liable for the debts and obligations of the business. C. ?The partner who owns the larger share of the partnership is liable for the debts and obligations of the business. D. ?The partner who owns the smaller share of the partnership is liable for the debts and obligations of the business.
Common law marriages
A) can be established in all of the southern states. B) are no longer valid in any state. C) can be established in a majority of states. D) can be established in a minority of states.
The keeping of promises is dealt with by _____ law.
A. property B. contract C. tort D. criminal
John, realizing that he is slowly dying of a painful cancer, asks Carl to kill him. Carl is hesitant, but John executes a document that states in one part, “I hereby consent to the ending of my life by Carl who is acting under my express desires. I hereby direct that Carl should suffer no legal detriment by his actions.” When John’s body is discovered, Carl is charged with murder. Carl produces the document. What will result?
a. The case against Carl should be dismissed because John consented to Carl’s mercy killing. b. The case against Carl is legally sufficient because John could not consent to his own murder. c. The case against Carl should be dismissed because it lacks the required element of malice. d. The case against Carl is legally sufficient because John was obviously legally incompetent.