Estate Global Chapter 2

These are Some estate planning objectives/goals. Which is incorrect regarding

In addition to distributing assets to family members what is a common desire and need for a decedent to take care of family?

These are the attributes of forced heirship except

What are common needs parents may have for dependent children except

One identified potential problem when HNWI’s children inherit a large amount of property is called

What are some of the top estate-related concerns of small business owners?

Your Client A has approached you and wishes to create a trust during his lifetime for the benefit of his wife B and son C. He has decided that B and C will share the income equally. He has also decided that he wants such trust to survive him and therefore does not have any intention of dissolving the trust. Which trust structure would be most suitable to achieve A’s wishes?

In an irrevocable trust ownership of assets transferred by the settlor vests with the Trust and after such transfer is effected they are no longer considered personal assets of the settlor. What is the advantage of such a structure?

Which of the following statements describing the attributes of trusts is most likely correct?

Which of the following is most likely considered to be community property when owned by partners while living in a community property state?