Tom died with a valid will; however, the will did not contain a residuary clause. Who receives the property that is omitted from the will when there is no residuary clause?

EXTRA CREDIT (UP TO 3 POINTS) Please discuss in detail the duties of a personal representative.

If a person dies intestate, they would owe no federal estate tax.

Which of the following would go in Schedule G?

The appointment of a personal representative gives him or Her the legal ability to, among other things, determine how assets will be distributed.

To effect a change of domicile there must be an actual abandonment of the prior domicile, coupled with an intent not to return to it.

A trustee of a trust can be a beneficiary of that same trust.

EXTRA CREDIT (UP TO 3 POINTS) Please discuss the four ways that a marital deduction trust may distribute property.

A settler is also known as a grantor or trustor.

Life insurance trusts are illegal.