Why is the establishment of a credit shelter trust fund considered a good estate planning technique?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
Individuals are allowed to make gifts of up to 13000 per person per year the amount is 2...View the full answer
Answered By
Prashant Pandey
I have cleared several prestigious examinations like IIT JEE Advanced, BITSAT, GATE, etc. I have worked in some of the world's best laboratories such as the University of Manchester U.K., Max Delbruck Center for Molecular Medicine (MDC) Berlin Germany and IIT Delhi. This gives me a good theoretical and practical knowledge of subjects I have opted to tutor.
I started teaching during the very first year of my college under the National Service Scheme (NSS). Then I joined an online tutoring platform to teach. In my final year of graduation. I worked as a teaching assistant. For the past 2 years, I have been giving part-time home tuition to both college and school students.
I believe that knowledge should be imparted in such a way that the students appreciate what they are learning. I always try to explain any concept by giving daily life (live) examples. Students find my methodology of teaching quite interesting and I always get good feedback
0.00
0 Reviews
10+ Question Solved
Related Book For
Advanced Accounting
ISBN: 9781260247824
14th Edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
Question Posted:
Students also viewed these Accounting questions
-
Why is the establishment of new branch offices usually favored over the chartering of new financial firms as a vehicle for delivering financial services?
-
Target costing begins with determining the cost of the product and then focusing on developing ways to sell the product at a price that will enable the company to achieve its desired profit margin....
-
Is the establishment of wholly owned subsidiaries abroad an appropriate international market development mode for SMEs?
-
1. Learn the detail background on ERP systems. Discuss how you would integrate ERP systems internal and external across your entire organization or an organization of your choice? Then discuss the...
-
Toothpaste manufacturers have found consistently that if they ask for detailed information on the frequency with which people brush their teeth, and then make minimal assumptions as to the quantity...
-
A particle of mass \(m\) and charge \(q\) moves in a circle of radius \(r\) in a uniform magnetic field of magnitude \(B\). Show that \((a)\) the particle's momentum is given by \(B q r\) and \((b)\)...
-
Explain the terms corporate negligence, respondeat superior, and independent contractor.
-
On July 1, 2014, Witherspoon Satellites issued $4,500,000, 9%, 10-year bonds at $4,219,600. This price resulted in an effective-interest rate of 10% on the bonds. Wither-spoon uses the...
-
The table below shows information about the action figures available in a toy shop. Syed picks one at random for his niece. a) Work out P(shield female) as a fraction in its simplest form. b) Is the...
-
Because of the dramatic growth at East Coast Yachts, Larissa decided that the company should be reorganized as a corporation (see our Chapter 1 Closing Case for more detail). Time has passed and,...
-
What is a taxable gift?
-
What deductions are allowed in computing estate income taxes?
-
For a cylinder with radius r and height 3r. For each of the given shapes, find the constant c in the power relationship S = cV2/3 between the surface area S and volume V. By how much is does c exceed...
-
A reputable study shows that a particular new workplace safety regulation will reduce the growth of real GDP. Is this an argument against implementing the regulation? Explain.
-
Scientists have investigated how quickly hoverflies start beating their wings when dropped both in complete darkness and in a lighted environment. Starting from rest, the insects were dropped from...
-
How does GDP differ from GNP? If a country employs many foreign workers, which is likely to be higher: GDP or GNP?
-
Loretta agrees to lend Ted $500,000 to buy computers for his consulting firm. They agree to a nominal interest rate of 8%. Both expect the inflation rate to be 2%. a. Calculate the expected real...
-
Define trade deficit and trade surplus. In recent years, has the U.S. economy had trade deficits or trade surpluses? What was the U.S. experience from 1900 to 1970?
-
Does automatic taxation tend to go up or down in a recession?
-
Find the cross product a x b and verify that it is orthogonal to both a and b. a = (t, 1, 1/t), b = (t 2 , t 2 , 1)
-
How might you alter patterns of organization and styles that are typical of American written communications so that they meet the needs of global audiences?
-
What is a testamentary trust?
-
What is a testamentary trust?
-
Multiple Choice Questions 1. Which of the following is not a true statement? a. Testate refers to a person having a valid will. b. The laws of descent convey personal property if an individual dies...
-
Why is it that encouraging online customers to visit a store increased profits while incentivizing in-store customers to shop online decreased profits? MARKETING HOW TO MAKE THE MOST OF OMNICHANNEL...
-
Explain this answer please a. Combining Traditional Methods and High-tech Innovations Western companies do not have adequate access to equivalent workforce. Using a combination of old ways and...
-
If a brand intentionally engages in greenwashing and is called out for its duplicity, is an apology enough? If yes, why is it enough and should we then trust that the brand will act with integrity...
Study smarter with the SolutionInn App