The transferor - Study guides, Class notes & Summaries

When a change of ownership occurs, the transferor shall notify the agency - ANS at least 60 days before transfer Withholding evidence of financial instability from the agency is... - ANS evidenced by things like purposely hiding from the agency things like unpaid liens and taxes A person who needs total care with their ADLs is not appropriate for admission to an ALF with a standard license but... - ANS may be admitted to a facility with an ECC license Menus must be developed by...

CPWA EXAM QUESTIONS AND REVISED ANSWERS ALL CORRECT 2024 UPDATE A general power of appointment is a power exercisable in favor of the decedent, his estate, his creditors, or the creditors of his estate. One of several notable exceptions includes situations where there is a power limited by something called a(n) _________________ relating to health, education, support, or maintenance. - Answer- ascertainable standard The GST tax on a direct skip is to be paid by the __________. - Answer- tra...

What are the 4 rules in terms of investing in a small firm? - Answer-Time frame of at least 3-5 years, diversify among 20-30 different issues, avoid turnover of 30% annually, and sell if and when 40% of company's shares become owned by institutional investors. What is a characteristic of an unfunded excess benefit plan? - Answer-The plan generally need not comply with either the disclosure or reporting requirements of ERISA. Unfunded excess benefit plans need not comply with ERISA disclosur...

AWMA - Module 7 Quiz Estate Planning for High Net Worth Clients Exam Questions With Accurate Answers. Which of the following are the only exceptions to an estate transfer being subject to the GSTT when a gratuitous completed inter vivos transfer is a generation-skipping transfer? 1. The transferor makes payments directly to the recipient for medical expenses 2. The transferor makes direct payments of medical expenses to the medical provider on behalf of the recipient 3. The transferor ma...

When a change of ownership occurs, the transferor shall notify the agency - at least 60 days before transfer Withholding evidence of financial instability from the agency is... - evidenced by things like purposely hiding from the agency things like unpaid liens and taxes A person who needs total care with their ADLs is not appropriate for admission to an ALF with a standard license but... - may be admitted to a facility with an ECC license Menus must be developed by a licensed or registere...

CTFA - Fiduciary & Trust Activities Latest Update Graded A+ Constructive Trusts A fraud rectifying trust, imposed by a court to protect those who lose property to a wrongdoer Resulting Trust An intent enforcing trust based upon the presumed intent of a transferor of property Implied Trust An implied trust is an element of trust law, and refers to a trust that has not been "expressly created by the settlor."[1] There are two types of implied trust: Constructive Trusts and Resu...

What are the 4 rules in terms of investing in a small firm? - ANSWER-Time frame of at least 3-5 years, diversify among 20-30 different issues, avoid turnover of 30% annually, and sell if and when 40% of company's shares become owned by institutional investors. What is a characteristic of an unfunded excess benefit plan? - ANSWER-The plan generally need not comply with either the disclosure or reporting requirements of ERISA. Unfunded excess benefit plans need not comply with ERISA disclosur...

West Virginia Law Pharmacy MPJE Exam Questions and Answers Already Passed Can you refuse a state board of pharmacy inspection? No; unlike the federal CSA in which the DEA must either have an administrative warrant or get the PIC or owners consent; the state board of pharmacy may inspect pharmacies without warrants regardless of consent Can they do an inspection anytime they want? Has to be during reasonable business hours Whom is the Board of Pharmacy made up of? 7 Members 5 PR...

NYPD TRIAL EXAM WITH CORRECT ANSWERS A person is charged with CPCS when they knowingly and unlawfully possesses a controlled substance of a small amount. Criminal possession of a controlled substance, misdemeanor A person is charged with CPCS when they knowingly and unlawfully possesses a controlled substance of a large amount Or with any amount with intent to sell. Criminal possession of a controlled substance, felony Means to sell, exchange, give or dispose of to another or offer, or ...

Constructive Trusts : A fraud rectifying trust, imposed by a court to protect those who lose property to a wrongdoer Resulting Trust : An intent enforcing trust based upon the presumed intent of a transferor of property Implied Trust : An implied trust is an element of trust law, and refers to a trust that has not been "expressly created by the settlor."[1] There are two types of implied trust: Constructive Trusts and Resulting Trusts are always : Implied Trusts Can a minor hold ...