What is a living (inter vivos) trust? Distinguish between a revocable living trust and an irrevocable living trust.
Answer to relevant QuestionsExplain why it is important to set realistically attainable financial goals. Select one of your personal financial goals and develop a brief financial plan for achieving it.What are the stages of an economic cycle? Explain their significance for your personal finances.Explain each of these terms:(a) Grantor(b) Trustee(c) Beneficiary(d) Pour-over will(e) Testamentary trust(f) Irrevocable life insurance trust.Explain the general procedure used to calculate the federal estate tax due.Your best friend has asked you to be executor of his estate. What qualifications do you need, and would you accept the responsibility?
Post your question