Question 8True or False. A living will is a document that is ambulatory until the death of the decedent and then it describes how the decedent's property should be distributed. True False Question 9Donald puts a lot of money into a bucket and gives Bernie a power of appointment over the money in the bucket. Bernie has the power to distribute that money only to himself, his creditors, his estate, or his estate's creditors. What is the correct name for his power of appointment? It is a/an: General power of appointment Limited power of appointment Question 10True or False. The spousal consent rules for the annual exclusion require the non-donor spouse to consent to all gifts made by the donor spouse in that year; he or she cannot select which gifts he or she will join and which he or she will not. True False

As per bartleby guidelines i only have to answer only first question A Living Will is an…

Answered: True or False. A living will is a…

True or False. A living will is a document that is ambulatory until the death of the decedent and then it describes how the decedent's property should be distributed. True False

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter25: Money, Banking, And The Federal Reserve System

Section: Chapter Questions

Problem 4P

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Question 8

True or False. A living will is a document that is ambulatory until the death of the decedent and then it describes how the decedent's property should be distributed.

True

False

Question 9

Donald puts a lot of money into a bucket and gives Bernie a power of appointment over the money in the bucket. Bernie has the power to distribute that money only to himself, his creditors, his estate, or his estate's creditors. What is the correct name for his power of appointment? It is a/an:

General power of appointment

Limited power of appointment

Question 10

True or False. The spousal consent rules for the annual exclusion require the non-donor spouse to consent to all gifts made by the donor spouse in that year; he or she cannot select which gifts he or she will join and which he or she will not.

True

False

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