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KIM [24]
3 years ago
12

Maxwell and Jim have resided together for several years but are not married. Maxwell is concerned that if he dies first, his fam

ily may contest the transfer of his assets to Jim through his will so he wants to avoid any transfers through his will. Of the following options, which transfer arrangements would ensure that Maxwell’s assets will be transferred to Jim at Maxwell’s death?
Business
1 answer:
ratelena [41]3 years ago
3 0

Answer:

The best answer to the question: Of the following options, which transfer arrangements would ensure that Maxwell´s assets will be transferred to Jim at Maxwell´s death?, would be, according to research of the same question on internet sources: The implementation of a trust, of which, three, would be useful to them: a QPRT (Qualified Personal Residence Trust), an Irrevocable Trust Fund, or a Revocable Trust Fund.

Explanation:

The reason for these being the answers to the question would be that, especially in states where same-sex marriage is not permitted, and where the rights of homosexual partners are not insured, at the passing of the owner of property, or assets, usually these assets would pass on through will to the descendants of the person who passed away. However, Maxwell wants to ensure that his partner, Jim, does have the right to get his assets, and no one else. So to stop any sort of contest on the part of his family, Maxwell may resort to establishing a Trust Fund, completely free and un-linked to his will, and these three types: QPRT, Irrevocable Trust Fund, or a Revocable Trust Fund, would help him accomplish his goal.

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Answer:

Total cost= $100

Explanation:

Giving the following formula:

Joao pays each of his workers $50 per day while incurring a fixed cost of $100 and a variable input cost of $0.20 per cup of coffee for beans, cream, sugar, and paper cups.

I<u>f he does not hire any workers and does not sell a single cup of coffee, his total cost equals his fixed cost.</u>

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Total cost= $100

5 0
3 years ago
The supply curve for a good will be more elastic if: spending on the good accounts for a large share of a consumer's income. the
Andrei [34K]

The supply curve for a good will be more elastic if "production inputs are readily available at a relatively low cost".

<u>Option: C</u>

<u>Explanation:</u>

The graphical interpretation is applied to understand the concept of supply curve for any good available in market. This is done by correlating the cost of a good or service and the supplied amount during a given period. In such representation the cost is mentioned vertically on the left axis, while the amount supplied is mentioned horizontally.

The coverage of responsiveness with respect to variations in cost of demand or supply products is understood as elasticity.  Here when the small variations in cost leads to the large variations in consumed amount of product, thus curve become more elastic. While if a curve is found less elastic, which showcase that their is large variations in the price to impact a change in consumed amount.

5 0
4 years ago
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vfiekz [6]

The contract that contains provisions for surface leases related to a property is the <u>Farm</u><u> </u><u>and Ranch contract.</u>

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A void contract is a contract that fails a validity test and is therefore not a contract. A void contract is a contract that initially appears valid but may be terminated by a party deemed to have interfered in some way.

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After a reasonable period of time, the contract is considered accepted and can no longer be objected to. Other examples include real estate contracts, attorney contracts, etc. If a contract is concluded without the free consent of the parties, it will be considered a void contract.

A voidable contract is a formal agreement between two parties that can be made unenforceable for a variety of legal reasons, including Errors, Misrepresentations, or Fraud. Excessive influence or coercion.

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8 0
2 years ago
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7 0
3 years ago
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Leto [7]
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