A) A guardianship and/or conservatorship proceeding will be necessary for the minor children. B) Dick's estate will require an ancillary probate proceeding. C) The wills are irrelevant since they live in a community property state. D) Their estates may be subject to their state intestacy statutes to appoint a PR in the event of simultaneous death.
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- 1. Ramon and Ingrid work in the field of public relations and incur sizable entertainment expenses. Ramon is employed by a consumer products company, while Ingrid is a self-employed consultant. Regarding the tax treatment of the entertainment expenses, when would: a. Ramon be better off than Ingrid? b. Ingrid be better off than Ramon? . 2. The services are performed at Sueâs premises. 3. Sue does not work for other parties. 4. Lynn determines when the services are to be performed. 5. Sue has unreimbursed expenses. 6. by Lynn. 7. helpers. 8. Sue charges by the hour for her work. 9. Sue files a Form 2106 with her Form 1040. 10. Sue files a Schedule SE with her Form 1040. 11. Sue uses her own tools. Match the statements that relate to each other. (Note: Choice L may be used more than once.) a. Must involve the same trade or business b. Must be for the convenience of the employer c. Meals while in route d. Lodging while in route e. Out-of-town job assignment lasts for more…what does it means to be a “remainderman” of a life estate interest. Can this interest be sold?Jane Smith, age 40, is single and has no dependents. She is employed as a legal secretary by Legal Services, Inc. She owns and operates Typing Services located near the campus of Florida Atlantic University at 1986 Campus Drive, Boca Raton, FL 33434. Jane is a material participant in the business. She is a cash basis taxpayer. Jane lives at 2020 Oakcrest Road, Boca Raton, FL 33431. Jane’s Social Security number is 123-45-6781. Jane indicates that she wants to designate $3 to the Presidential Election Campaign Fund. Jane had health insurance for all months of 2018. During 2018, Jane had the following income and expense items: $100,000 salary from Legal Services, Inc. $20,000 gross receipts from her typing services business. $700 interest income from Third National Bank. $1,000 Christmas bonus from Legal Services, Inc. $60,000 life insurance proceeds on the death of her sister. $5,000 check given to her by her wealthy aunt. $100 won in a bingo game. Expenses connected with the typing…
- James Stilton is the cief executive oiffcer (CEO) of Rightsliving. inc Company that buys life insurance policies at discount from terminally ill people and sells the policies to investors RightLiving pays the terminally ill pateitns a percentage of the future death benefits and then sells the policies to investors for 85% of the value of the future beneffits. The patients receive the cash to use for medical and other expenses and the investotors are gauranteed a postitive return on thier investment. The diffreence beteween the purchase and sale price is the RightLiving profit. Stilton is aware that some sick patiente may obtain insurance policies through fraud (by not revealing thier illness on the insurance app). An insurance company that discovers such fraud will cancel the policy and refuse to pay. Stilton believes that most of the policies he has purchases are legitimate but he knows that some are probably not. Question Under the categorical imperative, are the actions of…Calculator The Coinsurance cause in an individual Medical Expense policy refers to the OA insured's rights to have another person, such as a spose or dinned on the same poky OB. company cay esse corage op insurance company's right to join with and insurance company's right to share OC in ce with another c Insurance company's right to the hosto de detale percentage of the cost of com OD.93. the Department of Financial Services may open an investigation on an individual O Being licensed in multiple lines of authority Holding a nonresident license in another state Engaging in the business of insurance without a license Sharing commissions with a similarly licensed individual COLCHREARE COLX
- 9The Supreme Court of State G decided that the U.S. Constitution requires professors to warn students of their right to remain silent before questioning the students about cheating. This ruling directly conflicts with a decision of the Federal Court of Appeals for the circuit that includes State G. a. Must the Federal Circuit Court of Appeals withdraw its ruling? b. Must the Supreme Court of State G withdraw its ruling?For a decedent who has left a last will and testament, which of the following correctly state issues that may have to be proved in the probate proceeding? Whether the will was validly executed Whether the will disposes of all probate property Whether the decedent's gross estate exceeds the applicable exclusion amount Whether any trusts described in the will are entitled to the marital or charitable deduction
- Subject - account Please help me. Thankyou.A married couple with two children owns a property that they have homesteaded. If the wife dies, what estate will the husband have in the property? a life estate, with their children as remaindermen a fee simple estate No estate: the children will inherit the house fee simple. It depends on what was in the wife's witt.Skip and Jack are the shareholders of the Blue Fish Event Corporation. Skip and Jack regularly put on classy events on or near the beach, so they have a special insurance policy to protect their assets. Business has been slow as fewer large beach weddings are taking place, so Skip and Jack use a large fan to blow down and damage most of their décor assets, some of which were personal assets of Skip and Jack, to collect the insurance benefits. (a) Assuming their acts are proven, will a court allow Skip and Jack to recover the insurance money? (b) Is this a situation where the corporate veil may be pierced? Why or why not? (c) What would it mean for Skip and Jack if the corporate veil is pierced in this situation?