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elena-s [515]
3 years ago
12

You have clients John and Anna in your office. They are married, both age 65. John and Anna own 480 acres of farmland, worth abo

ut $1,500,000 plus approximately $500,000 other assets, mostly cash and investments. They have 3 adult children. Two of the children are happily married and financially stable, but the third child, Henry, is having financial problems and probably will be divorced within the next year. John and Anna want advice about how to structure their estate plan, they ask specifically about gifting the assets to the children, establishing either a revocable or irrevocable trust, a life estate, or a transfer on death deed. While they want the children to share equally, they are concerned about Henry's situation, and want protection from his soon to be ex spouse and his creditors. Advise John and Anna on what options they have.
Business
1 answer:
sdas [7]3 years ago
7 0

Answer: Major part of share should be given to henry and the rest should be given to other children.

Explanation: In the given case, Henry is going to get divorced next year hence if he gets to have his part of share today, he have to split the half with his wife after the divorce.

Thus, Anna and John should gift the major part to Henry as he is suffering from financial crisis and leave the remaining portion for other two kids. Also the division should be done only after the divorce of Henry and as a gift so that he did not need to pay the tax.

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Does a sole proprietor need a business license
Andreas93 [3]

Answer: Yes

Explanation: A sole proprietor is a person who is running an entrepreneurship on his own. in a sole proprietorship the law see the owner and the entity as one person and not as separate entity.

To operate their business legally a sole proprietor needs to have a general business license. It is usually required for those proprietors who have taxpayer identification number.

3 0
4 years ago
The building code of River City requires that elevators in public buildings be inspected every nine months. Hal did not have the
Archy [21]

Answer: Public tort

Explanation: In simple words, public tort refers to the minor breach of contract by an individual. It is considered as a civil offense but still the acts under this act carries a criminal punishment.

In the given case, Hal did not make the elevator inspected in the seventh story for two years, however all other were inspected as per the rules. Thus, we can conclude that he breached the rule on a small level.

Hence from the above we can conclude that his offense would be classified as public tort.

3 0
4 years ago
The performance management approach that uses job performance evaluations to identify a company's best, average, and worst perfo
timurjin [86]

The performance management approach that uses job performance evaluations to identify a company's best, average, and worst performing employees, using person-to-person comparisons, is known as "forced ranking".

<h3>What is forced ranking?</h3>

The contentious practice of "forced ranking," which grades employees against one another rather than against performance standards, is very popular in corporate America.

The problem with forced ranking are-

  • This can lead to a lack of motivation and disengagement among employees as well as unneeded internal competition that can harm collaboration, creativity, and innovation and divert attention from market competition.
  • Although contentious, forced ranking systems are legal. Employers who choose to take action based on those rankings, however, run a number of legal dangers.

The forced rankings beneficial from an employee perspective, here are reasons-

  • This system teaches a manager how to assess employees objectively with the right management training.
  • When the management system needs to be improved or formalised, forced rankings are advantageous.
  • An essential component of business is analysing trends and developments.

To know more about example of forced ranking, here

brainly.com/question/6626507

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6 0
2 years ago
A famous study that asked workers to rank a list of job related factors in order of what motivated them most was coneceived and
exis [7]

Answer:

The famous study which asked employees to rank a list of job related factors in order of what motivates them most was introduced and supervised by Federick Herzberg.

Explanation:

Federick Herzberg was an american psychologist ( clinical psychologist ) , who was know to be a great thinker of management and motivational theories. He was the one who introduced the concept of job enrichment and gave the two factory theory of job satisfaction ( also know as motivation - hygiene theory ) , according to which employees or people in general are influenced by two factors - motivation and hygiene.

Where if the hygiene factor is not present in the work environment than it can lower motivation and motivational factors are the ones which can increase an employees motivation.

3 0
3 years ago
Maria wants to create a simple logo for her new flower shop. She would like to use the computer to create this logo. Maria shoul
Eva8 [605]

She should use, graphics software to create the logo.

5 0
3 years ago
Read 2 more answers
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