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Cannon Trust 1 exam with correct answers

Cannon Trust School 1 exam with correct answers

Cannon Trust School II - Sample Exam Questions with answers

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Your client owns a $200,000 home in joint tenancy, a $15,000 car in his own name, an $8,000 CD in his name alone, and a $100,000 life insurance policy with a cash value of $10,000, payable to his wife. What is the value of his probate estate? A. $23,000 B. $33,000 C. $223,000 D. $333,000-ANSWER-A. $23,000 A simple trust earned $27,000 in dividends. It paid $4,000 in trustee fees, one￾half from income and one-half from principal. Trust accounting income is which of the following...

CANNON TRUST SCHOOL II EXAM STUDY GUIDE 2026 COMPLETE QUESTIONS WITH CORRECT DETAILED ANSWERS || 100% GUARANTEED PASS <RECENT VERSION> 1. Bonds that can be traded for stock are known as - ANSWER Convertible Bonds 2. A company most likely will call bonds (assuming bonds are callable) it had previously issued if what occurs? - ANSWER Interest Rates Fall 3. The LOWESTS&P's rating that would qualify as investment grade is what? - ANSWER BBB- 4. A treasury bill is ...

CANNON TRUST SCHOOL I EXAM STUDY GUIDE 2026 COMPLETE QUESTIONS WITH CORRECT DETAILED ANSWERS || 100% GUARANTEED PASS <RECENT VERSION> 1. Sole Ownership - ANSWER Titled in the name of one person, full rights to property in life and death; transfers under decedent's will or intestate estate; subject to probate. - If individual becomes incapacitated - look for DPOA - if no DPOA, State will appoint a guardian. - If individual dies - look for Will - if no Will, State will ...

Cannon Trust School 1 Questions with Detailed Verified Answers

Cannon Post Test Study Guide 1-5 Questions with Detailed Verified Answers