ACC 610 Week 5 Assignment

Chapter 18

Question 38: Dudley agreed to pay Eva 6 million in two installments – an amount of 2.5 immediately and the balance of 3.5 million the following year as a divorce settlement. Divorce was final July 2014.

Question 43: 9/4/15 Time of death Alicia had:

Question 53: In 2009 Jessica created 250,000 savings account. Jessica, Keri, & Jason joint tenancy with the right of survivorship

Chapter 20

Question 20: Complete the following chart indicating the comparative attributes of the typical trust & estate by answering yes/no or explaining the differences between the entities where appropriate.

Question 24: Allwardt Trust – Simple trust; uses calendar year for tax purposes

Beneficiaries – Lucy & Ethel receive 50% each of trusts annual accounting income

ACC 610 Week 5 Discussion Question 1 and 2