Fernando is a citizen of Mexico, but is domiciled in South Carolina. The probate court in South Carolina has jurisdiction to administer Fernando’s estate.

Limited partners may not participate in managing a partnership. Thus, a limited partner’s liability for partnership debts is limited to three time the amount of their investment.

Please discuss the seven professional guidelines to avoid the pitfalls of an improperly executed will.

Which of the following is the opening statement of a will?

Living trusts tend to be more expensive to accomplish than wills.

Tom, a citizen of South Carolina, dies without a will. Tom owns real property in North Carolina. This real property would pass pursuant to the intestacy laws of North Carolina even though Tom is a citizen of South Carolina.

Distributions from a Traditional IRA are tax free.

Which type of insurance is also known as straight life insurance

Tom, a citizen of South Carolina, dies without a will. Tom owns personal property in North Carolina. This personal property would pass pursuant to the intestacy laws of North Carolina even though Tom is a citizen of South Carolina.

Which of the following is not one of the three requirements of an inter vivos gift