X XsMlno subject-fahim.fbc e Finance ouestion l Che State Lansfor Venous T How t
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X XsMlno subject-fahim.fbc e Finance ouestion l Che State Lansfor Venous T How to Choose an Age x 01481 1-at-content-rid-5588684.1 /courses/201 730-FIN645-2560/Estates%20Final%20201 7.pdf 16. If an individual becomes incapacitated without an advanced health care directive, health care power of attorney, or a living will, direction and consent is generally sought first from he individual's a) spouse b) adult children c) parents d) health care professional 17. Which of the folowing is not true regarding an advanced health care directive: a) anyone who is still competent ha's the right to change or revoke an advanced directive b) an advanced directive can be amended by destroying the old one and issuing a new c) an attorney is required to prepare an advanced directive persons must be at least 18 years of age to prepare their own advanced directive 18. One of the most desirable characteristics of the "C Corp" corporate form is: a) limited liability for the shareholders b) low effective tax rates on dividends paid to shareholders c) the ease of transferability of interests 19. The type of business that presents the greatest dilemma in estate planning is a) a corporation a general partnership c) a limited partnership d) a sole proprietorship 20. The interest accrued on savings certficates that is for the period from the date of the last interest payment and ending with the date of the decedent's death (but not received as of that date) is: a) income in respect of a decedent b) income to the beneficiary c) forfeited by the decedent d) income to the decedent's estateExplanation / Answer
16) First preference will be given to the spouse and then followed by the children
17) Perosns must be at the age of 18 or above to write the advanced directive.
18) one of the most desirable form of c corp is its limited liability for the shareholders.
19) a corporation
20) its the income of the decenent
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