Which of the following not listed as advantage of having a will in Chapter 1

All of the following is a potential advantage of a living trust except

The split-gift provision allows a married person to double the amount that they can give away without tax liability.

South Carolina is a community property state.

EXTRA CREDIT (UP TO 3 POINTS) Discuss the Simultaneous Death Act.

Pursuant to the Uniform Simultaneous Death Act what happens when the only stated beneficiary  of a life insurance policy dies simultaneously with the insured

Please discuss insurance as an estate planning tool. Also, discuss the difference between term, whole life, limited-payment, and universal life insurance.

Bethlehem Hospital was often referred to by local residents as “Bedlam.” In its current use, the term bedlam refers to which characteristic of the old hospital?

Stocks and bonds are examples of intangible personal property.

A donor of a gift can give up to $900,000 per year per donee without tax consequences.