Trusts Study guides, Class notes & Summaries

Circular 230 Correct Answer Regulations governing the practice of attorneys, certified public accountants, enrolled agents, enrolled actuaries, and appraisers before the IRS. Disclosure Correct Answer The release of tax information by an IRS employee. Due Diligence Correct Answer Requirements that tax professionals must follow when preparing income tax returns. Noncompliance Correct Answer Failure or refusal to comply with the tax code. Privilege Correct Answer Protection from being ...

Risk Financing correct answers Includes risk management techniques that encompass all the ways of generating funds to pay for losses that risk control techniques do not entirely stop from happening; techniques include risk retention and risk transfer. Deals with managing financial aspects AFTER it occurs. Risk Transfer correct answers Transmission of an organization's risks to an outside party. Risk Retention correct answers Method an organization employs for financing of loss through the...

Virginia PSI Exam (State) Questions and Answers Already Passed Active Status Legally engaging in acts of real estate. Brokerage Agreement A written agreement establishing the brokerage relationship between a client and a licensee which must state whether the licensee will represent the client as an agent or as an independent contractor. Brokerage Relationship The contractual relationship between a client and a licensee. Inactive Status Broker or salesperson who is not under a pr...

This is a summary document of SQE1 Specification for Trust Law. It follows SRA's SQE Assessment Specification so you have everything you need to know in one document. Perfect for revision. I used it to prepare for my July 2023 SQE exams, in which I scored 74% (top 20% of candidates). Notes done according to Revise SQE book and BPP materials. Thanks to the summary, you don't need to worry about missing any important information from textbooks - I did the work for you!

License Termination - ANSWER-This happens to an agent who willfully "over insures" a Property & Casualty or Health Insurance policy. The State of Florida - ANSWER-The only Location/Geography where a Florida Personal Lines Agent can transact Personal Lines Property & Casualty business? Rebating - ANSWER-Returning a portion of the premium or the agent's commission on the premium to the insured or other inducements to place business with the agent. Defamation - ANSWER-The action of dama...

NURS 350 Quiz 1 100% Solved 2016 Gallup Poll on Public's view of professions and honesty/ethics - Answer- RNs ranked highest for 16th year in a row 85% of survey respondents rated nurses' honesty and ethical standards as "very high" or "high" RNs ranked highest among all medical professions Public trusts nurses as advocates who look for their best interests Should you offer a personal opinion or what you would do in a situation when counseling a patient? - Answer- No, provide unbia...

Life Insurance License ExamOrdinary Straight Life - Whole Life - correct answer - Protection from the date of the policy issued to the date of the insured's death, or if still living at age 100 the policy has matured and death benefits are paid - Premium rate is based on the assumption that the insured will be paying premium for the "whole of life" - No changes can be made to the policy without the consent of the policy owner and the insurer - Death benefit and premium remain constant th...

CERAD theory test - Law applied to ambulance driving/Exemptions _Questions With Verified Answers The rules of the road and the laws in relation to driving include... - ANSWER The Highway Code, Road Traffic Act 1988, Road Safety Act 2006 As well as the rules of the road and the driving laws, emergency ambulance staff have to comply with... - ANSWER Additional legislation relating to high-speed driving, driving licences, your own medical fitness to drive, WAST policies, RTC reporti...

H&R Block Income Tax Course Final Exam (2023) || Questions & Answers (Graded A+) H&R Block Income Tax Course Final Exam (2023) || Questions & Answers (Graded A+) Circular 230 - ANSWER - Regulations governing the practice of attorneys, certified public accountants, enrolled agents, enrolled actuaries, and appraisers before the IRS. Disclosure - ANSWER - The release of tax information by an IRS employee. Due Diligence - ANSWER - Requirements that tax professionals must follow when prepar...

Gilded Age the Gilded Age was the period following the Civil War, roughly from the end of Reconstruction in 1877 to the turn of the twentieth century. A gilded patina is "pretty" on the outside / "ugly" on the inside. Immigration European Immigration / Nativism (hatred towards immigrants) / Nativist ideals towards Irish Catholics. Chinese Exclusion Act (1882) First federal law to restrict immigration (1882) / Chinese had helped with the construction of the Transcontinental Rai...