Question

doesestate planning involves aspects of probate and securities law

doesestate planning involves aspects of probate and securities law

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Estate Planning is concerned with both Probate and Securities Law in the following manner:

1. Probate Laws: Estate Planning involves distribution of a person's assets to its beneficiaries. Probate Law is directly concerned with the Distribution of Deceased person's property to its legal beneficiaries after settlement of all claims towards the same.

Hence there is direct nexus between the Estate Planning and Probate Law. Therefore study of Probate Law and its provisions affecting the Estate Planning shall be strictly studied.

2. Securities Law: It may happen that Estate of a person may consist of Securities whose distribution may involve provisions of Securities law. Hence tax or charge may be applicable on such distribution as per Securities Law or some disclosure or reporting requirements could be possible. Hence estate planning shall also involve study of Securities Law.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. Two key aspects of financial planning are cash planning and profit planning.  Cash planning involves...
1. Two key aspects of financial planning are cash planning and profit planning.  Cash planning involves the preparation of the cash budget and profit planning involves preparation of pro forma statements.  To make cash budget and pro forma statements for a firm, accounting knowledge is needed.  Do accounting courses you took before help you better understand how to make cash budget and pro forma income statement and balance sheet?  Explain. 2. "Cash is king" is an old saying in finance. ...
differences between newer and older aspects of Healthcare Planning
differences between newer and older aspects of Healthcare Planning
Identify and briefly discuss two important aspects of planning.
Identify and briefly discuss two important aspects of planning.
involves an intermediate A. Deduce the rate law for the reaction.
involves an intermediate A. Deduce the rate law for the reaction.
Provide an example of a recent Stark Law violation. Summarize the key aspects of the case...
Provide an example of a recent Stark Law violation. Summarize the key aspects of the case and provide an analysis of whether the best decision was reached and why?
When planning for organizational change what aspects of diversity must a leader keep in mind. Please...
When planning for organizational change what aspects of diversity must a leader keep in mind. Please cite your sources.
Forecasting is one of the most important aspects of financial planning. Discuss what variables do you...
Forecasting is one of the most important aspects of financial planning. Discuss what variables do you think make this exercise most challenging.
What role does forecasting play in the strategic planning process? What are some aspects of forecasting...
What role does forecasting play in the strategic planning process? What are some aspects of forecasting you must consider in your plan? Why? Do you believe forecasting is reliable? Why or why not? What might an alternative approach or method be?
Which Is It? Here are some examples of different aspects of strategic management. a) Strategic planning...
Which Is It? Here are some examples of different aspects of strategic management. a) Strategic planning b) Managing strategic momentum c) Strategic thinking The senior leadership team of a plastics firm is developing its long-term goals in light of shifting global demand and new competitors. An internal public relations campaign is launched at the pharmaceutical company to address lagging employee engagement and misalignment between sales and manufacturing. The finance and marketing departments of the entertainment division hold a joint planning...
2. Outline the stages in a strategic e-marketing planning process, for each stage noting two aspects...
2. Outline the stages in a strategic e-marketing planning process, for each stage noting two aspects that are of particular importance for digital marketing. 3. Summaries new opportunities to vary the marketing mix that arise through deploying the Internet
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT