Q1: Under intestacy laws, if no heirs exist, then the property of the estate reverts to...
Q1: Under intestacy laws, if no heirs exist, then the property of the estate reverts to the state.
Group of answer choices
a.True
b.False
Q2:A trust is an arrangement to administer property for the benefit of another.
Group of answer choices
a.True
b.False
Q3:The Administrative Procedure Act consists of guidelines that all federal agencies may ignore.
Group of answer choices
a.True
b.False
Homework Answers
Answer 1)
TRUE . Under intestacy laws, if no heirs exist, then the property of the estate reverts to the state. If there is no surviving spouse and children then the property goes to distant relatives, in the absense of those as well, the estate takes the property.
Answer 2)
TRUE
A trust is an arrangement to administer property for the benefit of another . A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries
Answer 3)
FALSE.
The Administrative Procedure Act consists of guidelines that all federal agencies must follow except for the ones who are explicitely mentioned not to follow these guidelines.
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