Abe deposits money in First Bank,in trust for his daughter,Esther.At Abe's death,if he has not revoked this trust,then the money in the account will:
A) belong to Esther.
B) be transferred to a charitable organization.
C) belong to the bank.
D) belong to the state and will be used for the benefit of the society.
Correct Answer:
Verified
Q30: Domicile refers to a person's:
A) permanent home.
B)
Q31: Children who are born or adopted after
Q35: In the states that recognize holographic wills,
Q36: Benny is the sole beneficiary of Paul's
Q40: Who among the following is responsible for
Q44: Explain durable power of attorney for health
Q45: Describe the responsibilities of a personal representative
Q46: Which of the following is one of
Q48: Miriam established a trust by placing substantial
Q50: Define a constructive trust and the duty
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents