A testamentary trust could be established to oversee the charitable asset distribution in accordance with the decedent's desires.
A Testamentary Trust: What Is It?
A trust that is created in line with the directions in a last will and testament is known as a testamentary trust. A trust is a fiduciary arrangement that enables a trustee—a third party—to manage resources on behalf of the trust's beneficiaries.
A person's instructions for creating a testamentary trust may be included in their will, allowing the trustee to disperse their assets to the designated beneficiaries. A testamentary trust, however, is not established until the person has gone away. Additionally, a testamentary trust may appear more than once in a will.
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Answer:
Wang Min's situation:
Boston: 151
San Francisco: 135
If Wang Min wishes to consider a similar offer in Boston, the offer should be for at least = ($25,000/135) x 151 = <u>$27,963</u>. Since San Francisco is "cheaper" than Boston, she should earn more money in Boston in order to consider a comparable offer.
Roger's situation:
Cleveland: 99
San Francisco: 135
If Roger wishes to consider a similar offer in Cleveland, the offer should be for at least = ($30,000/135) x 99 = <u>$22,000</u>. Since San Francisco is "more expensive" than Cleveland, he should earn less money in Cleveland in order to consider a comparable offer.
Answer:
The correct answer is letter "A": none of the above.
Explanation:
The safe-harbor law is a regulation that helps defendants to be found not liable on certain situations under certain conditions where according to strict law they were to be responsible. Most of the time, in cases where the law is so unclear or unknown, defendants can be subject to the safe-harbor provision for their liabilities to be forgiven.
The correct answer should be depositing since depositing money is a collocation when it comes to banks.