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Author: webmaster

Trivia Tuesday – From A to Z!

S Signature is required to sign a will for the will to be valid: True or False Answer: True

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Trivia Tuesday – From A to Z!

R Residuary estate is: True or False The assets remaining in the estate for distribution after payment of all estate costs, taxes and debts. Answer: True

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Trivia Tuesday – From A to Z!

Q Q-TIP Trust: a) marital tax deduction trust b) life estate c) lien Answer: A, marital tax deduction trust

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Trivia Tuesday – From A to Z!

P Per Stirpes: True or False Describes the distribution when a beneficiary dies before the person whose estate is being divided. Answer: True

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Trivia Tuesday – From A to Z!

O Out of Wedlock Children may inherit if: a) the parents later marry b) paternity is acknowledged or adjudged by the court c) after father’s or child’s death, paternity has been established by the probate court by evidence that the father has acknowledged in writing that he is the father and openly treated the child as his d) […]

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