Question

1. List at least three non-tax reasons that you might suggest to your client Connie that...

1. List at least three non-tax reasons that you might suggest to your client Connie that she should consider shifting some income and assets to a trust.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer

1. Trusts often are used to shift management responsibilities for assets (e.g., in saving for college or retirement, or to protect against medical difficulties).

2. Fiduciary entities can be used by politicians, divorcing couples, liquidating or bankrupt corporations, and by those executing an estate plan.

3. Trusts also are attractive vehicles for holding special-use assets, such as life insurance policies and investment portfolios

Add a comment
Know the answer?
Add Answer to:
1. List at least three non-tax reasons that you might suggest to your client Connie that...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • What is the importance of eating whole grains? List at least three reasons. 1. ! 2....

    What is the importance of eating whole grains? List at least three reasons. 1. ! 2. What is the importance of maintaining a variety of colors in your vegetable intake? 3. Why should you intake more whole fruit than fruit juices? List at least two reasons. 4. For each of the following,list two nutritional benefits and one health (disease prevention) benefit. Fish: Soy:

  • The client you are assigned is the Gonzales family. As an introduction to this client, your...

    The client you are assigned is the Gonzales family. As an introduction to this client, your firm's tax manager tells you the following information as he hands you the client's file with all of the data... The taxpayer is self-employed, and the spouse is an employee of a university, as well as an airline company. They have three children; one is about to turn 24 and is a full-time college student, one is 23 and recently married so she is...

  • Part II. Short Essay 1. Discuss at least three reasons why we might expect countries to...

    Part II. Short Essay 1. Discuss at least three reasons why we might expect countries to engage in intra-industry trade. 2. What would the Linder theory suggest about the prospects of developing countries in exporting goods to developed countries? Do you think that this is a realistic suggestion? Why or why not? 3. Distinguish between the external return to scale and internal return to scale. How does the new trade theory of economic returns to scale differ from the traditional...

  • 1a.) List at least three questions that should be asked to guide the decision to use...

    1a.) List at least three questions that should be asked to guide the decision to use a complementary therapy. Identify an ethical principle that might influence a nurse to counsel a client against using a specific CAM (complementary and alternative medicine). 1b.) Identify one step in the decision-making model you might want to use to help your client decide about using CAM. Provide a rationale for your choice. 1c.) Identify and describe briefly how assessment of health status affect optimism...

  • Part II. Short Essay eC048500 1. Discuss at least three reasons why we might expect countries to engage in intra-in...

    Part II. Short Essay eC048500 1. Discuss at least three reasons why we might expect countries to engage in intra-industry trade. 2. What would the Linder theory suggest about the prospects of developing countries in exporting goods to developed countries? Do you think that this is a realistic suggestion? Why or why not? Page 1 3. Distinguish between the external return to scale and internal return to scale. How does the new trade theory of economic returns to scale differ...

  • Looking at your gel, list discrepancies you observed, suggest HUMAN/EXPERIMENTAL errors which might have caused them?

    Looking at your gel, list discrepancies you observed, suggest HUMAN/EXPERIMENTAL errors which might have caused them?

  • A. Select and justify with three reasons the most appropriate of the four portfolios from the...

    A. Select and justify with three reasons the most appropriate of the four portfolios from the choices on the table an asset allocation for the Muellers’ $1 million in personal assets. B. Select and justify with three reasons the most appropriate of the four portfolios from as an asset allocation for the Muellers’ $2 million in trust distribution assets. Ten years have passed. The Muellers, now both aged 63, will retire this year. The distribution from Mark's family trust will...

  • b. What actions or verbal direction might you do or suggest in order to make Mr....

    b. What actions or verbal direction might you do or suggest in order to make Mr. Heron more comfortable? (2 marks) 3. Why is depression often mistaken for dementia? (1 mark) 4. Using the three stages of dementia, explain how you would support your client with their meal times and eating in each of the stages. (3 marks) Mild Stage: Moderate Stage: Severe Stage: and b. What actions or verbal direction might you do or suggest in order to make...

  • list, your questions should include at least: 1) What are some of the activities that are...

    list, your questions should include at least: 1) What are some of the activities that are part of public health that you can think of? 2) What kinds of people work in public health? (If they need help you can probe by saying "For instance, what kinds of professions might be part of public health?) 3) What is the purpose of public health?" illa from

  • Your client John Lincoln wishes to create a non-for-profit organization and wants you to explain to...

    Your client John Lincoln wishes to create a non-for-profit organization and wants you to explain to him how to form it, what are the IRS requirements and how to avoid losing the non-for-profit status. Please, research the rules to create a non-for-profit, look at the Internal Revenue Code to find out the tax rules regarding this type of entity. In addition, figure out what your client should do to avoid losing its non-for-profit status. After completing your research, write a...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT