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

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