Question 1

What are gifts made during life, which are either in excess of a donor's annual exemption or are not a present interest?

Accepted Answer

A)  Net Gifts
B)  Liability Gifts
C)  Taxable Gifts
D)  Voluntary GiftsE) B) and C)
F) All of the above

Question 2

Often there are situations that do not fit traditional situations or secession of inheritance and estate planning for these non-traditional relationships must supplied. There are four major non-traditional situations. Jason and Mike have been living together for thirty years. They know death will come sooner than later. What would be true of estate planning for this couple?

Accepted Answer

A)  They are not eligible for martial deductions.
B)  Liquidity is a primary consideration.
C)  Wills containing specific bequests are very important.
D)  All of the above.E) All of the above
F) None of the above

Question 3

When dealing with property titling, what law is based on custom and general principles and in embodied in case law?

Accepted Answer

A)  Community Law
B)  Marriage Law
C)  Common Law
D)  Law of MatrimonyE) B) and C)
F) A) and D)

Exam 2: Estate Planning

When dealing with property titling, what law is based on custom and general principles and in embodied in case law?

Correct Answer
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Correct Answer
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What are gifts made during life, which are either in excess of a donor's annual exemption or are not a present interest?

Correct Answer
verified

Exam 2: Estate Planning

When dealing with property titling, what law is based on custom and general principles and in embodied in case law?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

What are gifts made during life, which are either in excess of a donor's annual exemption or are not a present interest?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified