Which is NOT a way in which an estate planner can use trusts to benefit family members??
A. ?Identify the estate assets and the beneficiaries who are to receive them.
B. ?Diminish problems such as will contests.
C. ?Reduce federal and state death taxes.
D. ?Avoid probate.
Answer: A
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Which of the following terms refers to a debtor being relieved of the obligation to pay debts?
A. Discharged B. Extinguished C. Discharged or extinguished D. Forgotten
Which part of a statute indicates where the particular statute can be found in other sections of the statutory code as well as in any other secondary sources of law?
A) body of the statute B) historical and statutory notes C) library and research references D) notes of decisions
A court opinion interpreting one legislative act may be used as precedent for a client's case that involves the application of a different legislative act when:
A. the statutes are part of the same legislative act. B. there is a similarity in language between the legislative acts. C. there is a similarity in function between the legislative acts. D. the key facts are identical or nearly identical. E. all of the above. F. b and c. G. a, b, and c.
Once a statute of limitation passes, a party cannot validly exercise his or her rights.
Answer the following statement true (T) or false (F)