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Jack, a widower, has been researching and looking into getting an estate plan to distribute his property on his death. He has heard of the horrors of probate court and wants to avoid that. He has two children, Larry and Janet. Of his two children, he only likes and trusts Larry, not Janet. In fact, he wants his estate to be distributed only to Larry, and nothing to Janet. As to his assets, he has a house in his sole name (with a lot of equity in it) antiques, oil paintings, jewelry he inherited from his wife, all of the miscellaneous personal property located in the house, and $250,000.00 cash in the bank. He seeks to avoid probate, and avoid lawsuits over his estate after he dies. However, Janet has always been a trouble maker and thinks she may attempt to cause problems after his death. The only problem with Larry is that he has severe financial problems. Larry has filed bankruptcy twice, has judgments against himself, and has severe creditor problems. Jack wants to get either a Will or Trust, but is not sure what to get. He also heard about the possibility of joint tenancy What are the advantages and disadvantages of joint tenancy? Should Jack make Larry a joint tenant to his house in order to avoid probate? Why or why not? Please explain
Atkinson Research Association (ARA) had received a contract to produce five units of new cruise missile guidance control. The first unit took 9000 hours to complete and cost $425000 in materials and equipment usage. What will the total cost to build ..
Should managers promote open discussion of stereotypes as part of a strategy for managing diversity? And what are the advantages and disadvantages of strategy
Please provide a summary of a current business article on a multinational corporate company. It can be found from forbes, business week, New York times etc. Article has to be at least three pages long. Then write down a brief summary of the article. ..
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Research on the Internet the published financial statements for one public corporation for the most recent two fiscal years
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southwest us campus book store sells course packs for 15 each the variable cost per pack is 9 fixed costs to produce
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It is no secret; the economy has been pretty tough in the last few years. Pure Vision Manufacturing produces vision systems used in a variety of industrial manufacturing applications. These systems help manufacturers check for quality specifications ..
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