1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ArbitrLikvidat [17]
3 years ago
7

Paul would like to transfer a substantial portion of his net worth to his son, Chad. Paul believes that the assets will apprecia

te in value before his death, but Paul does not need any of the assets to sustain his current standard of living. However, Paul is concerned about Chad’s ability to manage the assets and is afraid Chad may squander the assets. Of the following transfers, which would ensure that the assets are excluded from Paul's gross estate and could also ensure that Chad cannot squander the assets?
A. An Irrevocable Trust.
B. An Outright Transfer.
C. An Installment Sale.
D. A Grantor Retained Annuity Trust.
Social Studies
1 answer:
mr_godi [17]3 years ago
7 0

Answer:

A. An Irrevocable Trust.

Explanation:

An Irrevocable Trust is one of the types of trust in which the terms and conditions are not in terms to go through any modification or change. Any amendment or termination is not subject to in Irrevocable trust. For any such amendment, the permission of the beneficiary is required.  

In the given situation, Paul is excluded from possessing the ownership of the assets. At the same time, to access any of the asset, Chad would require to provide the purpose of the expenditure.

You might be interested in
Describe Genghis Khan’s qualities FIRST PERSON GETS BRAINLIEST
svp [43]

Answer:

<u>Mongol leader Genghis Khan (1162-1227) rose from humble beginnings to establish the largest land empire in history. After uniting the nomadic tribes of the Mongolian plateau, he conquered huge chunks of central Asia and China. </u>Explanation:

<u>Genghis Khan's personality was a complex one. He had great physical strength, tenacity of purpose, and an unbreakable will. He was not obstinate and would listen to advice from others, including his wives and mother. He was flexible. A strong leader endears himself to others by appreciating their unique talents. Khan was famously loyal to his people, valuing such qualities as honesty, honor, and flair above all else. Leadership style of Genghis Khan Autocratic leadership was the style of leadership which he followed. Autocratic leadership, also known as authoritarian leadership where an individual control over all decisions. Blood oaths, prophecies, and brutal life lessons propelled Genghis Khan into conquest, amassing the largest land empire in the history of mankind. Genghis Khan established dedicated trade routes, promoted religious tolerance, </u>and got so many women pregnant that you may be related to him. (haha)

3 0
2 years ago
Rommell is studying for her final exam in Introduction to Art History. To do this, Rommell is putting information into her memor
tekilochka [14]

Answer: D) Storage

Explanation: The process where an individual gets a particular information into the brain is called encoding and the keeping or maintaining of this information in the brain over a period of time is called storage. The ability for this individual to access this stored information in the brain when needed is called retrieval.

So the process where Rommel keep and maintain information in her brain is called storage.

7 0
3 years ago
Unlike the Plains Indians, the major food supply the Karankawas came from
ryzh [129]

Explanation:

m . . . . . . . . . . . . . . . . .. ... ..

. . .

.. . .

.

.

4 0
2 years ago
What company outfitted the first successful expedition to the south pole led by roald amundsen?
vlada-n [284]

Answer:

Norwegian Antarctic Expedition

Explanation:

Roald Amundsen's expedition won the race to the Pole on December 14, 1911. He became the first man that led a successful expedition to the South Pole.

The Norwegian Antarctic Expedition was led by him.

Robert Scott was his rival on this expedition with the same goal. But Amundsen arrived at the South Pole first in 1911.

4 0
3 years ago
There are no healthy food options in the school lunch room
Monica [59]

Answer:You should bring your own food to school.

Explanation:If the school's food is unhealthy than bring healthy food to school.

8 0
2 years ago
Other questions:
  • She sat with a smile on her face, as if to say how pleased, how privileged, she felt to be there, how alert and ready to respond
    12·1 answer
  • Which is the government agency that covers customer deposits if a bank fails?
    11·2 answers
  • Why do countries specialize in certain goods, then trade with others get 10 points
    12·1 answer
  • A) Technician A says that the pump check valve should hold system pressure for at least five minutes after the pump is shut off.
    10·1 answer
  • Muscles in a kangaroo's legs work because of the cells that make up the muscle which component of cell theory does this best ill
    11·2 answers
  • What is New Zealands' main resource?
    14·1 answer
  • Who benefits the most from​ America's most expensive entitlement​ programs? A. the poor B. the elderly C. employees D. parents w
    15·1 answer
  • Which is the second largest nation?<br> Canada<br> United States<br> Australia<br> Russia
    10·2 answers
  • HELPPPPP How did Song rulers prevent the military from becoming too strong?
    8·1 answer
  • A(n) _____________ can determine whether you should have a simple will or a complex will.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!