Chapter 4 HW Answers.pdf - Estate Planning Chapter 4...

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South-Western Federal Taxation 2020: Individual Income Taxes
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Chapter 16 / Exercise 51
South-Western Federal Taxation 2020: Individual Income Taxes
Young/Nellen/Hoffman
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Estate PlanningChapter 4 Homework Questions© 2018, MONEYEDUCATIONName ________________________________________________Circle your answer for each of the following multiple choice questions. Multiple selections will be counted as incorrectanswers.1.Daigne and Ohle have been in a long-term, non-married, non-traditional relationship. Daigne wants to make surethat if he dies first, Ohle will be provided for. Which of the following would you be likely to recommend to fulfillDaigne’s goal of transferring assets to Ohle at Daigne’s death?a.Name Ohle as the beneficiary of Daigne’s retirement plan.b.Transfer the ownership of Daigne’s real estate investments into a Tenancy by the Entirety arrangement.c.Advise Daigne against writing a will that specifically bequeaths assets to Ohle.d.Recommend that Daigne and Ohle move to a community property state that recognizes same sexmarriage. The correct answer is a. Option b is incorrect; Daigne and Ohle cannot own property in a tenancy by the entirety because they are notmarried. Option c is incorrect; Daigne should write a will that specifically bequeaths property to Ohle if he wantsOhle to have that property. Option d is incorrect; even if they moved to a community property state, they wouldlikely not be subject to the community property regime because they are not married.
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
South-Western Federal Taxation 2020: Individual Income Taxes
The document you are viewing contains questions related to this textbook.
Chapter 16 / Exercise 51
South-Western Federal Taxation 2020: Individual Income Taxes
Young/Nellen/Hoffman
Expert Verified

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