Reference no: EM131319815
1. Mitt went to jail in relationship to the Estate of Brookes Astor. What did Mitt violate.
a) He practiced law without a license.
b) He violated his fiduciary responsibility.
c) He cheated on his income tax.
d) He did not exercise his dower rights.
2. If Mitt wants to set up a trust for Paris, what must he make certain so that the trust is not taxable in his estate.
a) Mitt cannot be a beneficiary of the trust, the trust must be irrevocable and the trust cannot make payments to his estate or creditors of his estate.
b) Mitt cannot be a beneficiary of the trust, the trust must be revocable and the trust cannot make payments to his estate or creditors of his estate.
c) Mitt can be a beneficiary of the trust, the trust must be irrevocable and the trust cannot make payments to his estate or creditors of his estate.
d) Mitt can be a beneficiary of the trust, the trust must be revocable and the trust cannot make payments to his estate or creditors of his estate.
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: Mitt went to jail in relationship to the Estate of Brookes Astor. What did Mitt violate. If Mitt wants to set up a trust for Paris, what must he make certain so that the trust is not taxable in his estate.
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