John and Mary have been married for 35 years and have two adult children. John owns a house, investments, and other assets worth $4 million. He wants to make sure Mary is financially secure for life, minimize estate taxes, and leave an inheritance for their children. Based on these goals, which type of will is John most likely to have?

Which includes in Estate Planning:

Mia has just received $30,000 from an uncle who died and is trying to decide how to invest it. She has done some research has decided that about 30% of the money should go into large cap stocks, 20% into medium cap stocks, 15% into small cap stocks, 10% into bonds, 10% into foreign stock, and 15% into cash. She thinks that even if one area does not do that well, the rest will so that her overall return will be pretty good. What aspect of investing is Terry most concerned about?

Which is true for revocable trusts?

Francis was a 58-year-old entrepreneur who owned a small retail business and several personal assets, including a car, a savings account, and a home. At the age of 58, Francis died intestate. He did not have any surviving spouse but was survived by two adult children and one younger sibling. What will happen to his estate?

What happens to the ownership of assets placed in a trust?

Service employees at the airlines’ flight cancellation desks frequently encounter travelers who get emotional about canceled or delayed flights. The first thing these employees should do is to

Larry, a retired business owner, carefully planned his estate before his passing. Although he did not create a trust, he prepared a legally valid will and named his close friend John, an experienced attorney, as the executor of his estate. Now that Larry has passed away, what does not encompass John’s duties as the executor?

Which employer retirement plan specifies the retirement benefit but not the annual employer contribution amount?

Tilly runs a parasailing business on Hilton Head Island, South Carolina. Tilly closes her business in winter when the water gets too cold. She should use a ________ advertising schedule.