Even if a life insurance policy is held in a trust, the death proceeds are included in the decedent’s gross estate if the insured retained the ability to change beneficiaries.

Which of the following is NOT a characteristic of a Crummey trust?

Which of the following can be used to transfer assets outside of the probate process?

An executor may elect an alternative valuation date that is six months after death rather than the date of death itself, if the resulting value of the gross estate and the Federal estate tax imposed both decrease.

Luis created a joint bank account for himself and his friend, Amy.  At what point has a gift been made to Amy?

Colorblind 1 Your next project is to genetically map the locus for color blindness, an X-linked recessive trait, with respect to simple sequence repeat (SSR) markers. Like many X-linked recessive traits, colorblindness is usually found in males. However, the mutant allele frequency is sufficiently high that colorblind females do occur. In this problem, + is the allele that leads to normal vision, and clr is the allele associated with color-blindness. Assume complete penetrance and no new mutations. The family below has been genotyped for two SSR markers – there are 2 alleles for SSR 72 (Z&W) and 3 alleles for SSR 73 (a,b, & c).  The mother is deceased; thus, her DNA has not been analyzed.  Below the pedigree are the results from the DNA analysis – the heavier bands indicate more DNA.    A) What is the (deceased) mother’s genotype at SSR72?   B) What is the (deceased) mother’s genotype at SSR73?   C) What is the most likely phase relationship between the alleles at SSR72 and the color blindness locus in the mother. D) What is the most likely phase relationship between the alleles at SSR73 and the color blindness locus in the mother.        

Some members of the Baby Boomer Generation are struggling financially because:

List and define the four clocks used study the emergence into adulthood in the Life Course Theory.  In your opinion, which of the four clocks is most relevant at deciding when a person has emerged into adulthood in our current culture.

Work habits and learning skills.    In this question, communicate one learning skill or work habit that you feel you need to improve on and suggest 2 ways that you can improve upon it during our semester.  communicate one learning skill or work habit that you feel you are doing well at and suggest 2 ways that you are doing well at it. The Learning Skills and Work Habits are: Responsibility Collaboration Independent Work Initiative Organization Self Regulation  

Identity vs. Role Confusion happens when a person is about to turn 40. This is also known as a “midlife crisis”.