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Tom died with a valid will; however, the will did not contai…

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?

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EXTRA CREDIT (UP TO 3 POINTS) Please discuss in detail the d…

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

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

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

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Which of the following would go in Schedule G?

Which of the following would go in Schedule G?

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The appointment of a personal representative gives him or He…

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

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To effect a change of domicile there must be an actual aband…

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.

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

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

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EXTRA CREDIT (UP TO 3 POINTS) Please discuss the four ways t…

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

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A settler is also known as a grantor or trustor.

A settler is also known as a grantor or trustor.

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Life insurance trusts are illegal.

Life insurance trusts are illegal.

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