A qualified terminable interest property trust gives the individual establishing the trust the ability to direct income from the trust to his or her spouse over the spouse's life, and then, at the spouse's death, to choose to whom the assets go
Indicate whether this statement is true or false.
Answer: TRUE
You might also like to view...
A promissory note is usually referred to as a "note."
a. True b. False Indicate whether the statement is true or false
Intangible assets are initially recorded at
A) cost. B) expected future value. C) present value. D) fair value.
According to the text, what is an ethical responsibility of a research agency?
A) To use all forms of data, as well as data obtained from any source - internal or external. B) Discussion about all issues surrounding the relevance and accuracy of the secondary data used with the client should be done only when required by law. C) After a detailed analysis of secondary data has been conducted, the researcher should reexamine the collection of primary data stipulated in the proposal. D) Privacy related to the client's issues are not as important as safe keeping of the client's databases. E) B and D are valid statements.
The longest and most substantive section of a formal business report is the ________
A) executive summary B) introduction C) conclusion D) body