Ralph and Alice Live in a State That Has Adopted

question 65

Multiple Choice

Ralph and Alice live in a state that has adopted the Simultaneous Death Act.The couple has created wills leaving their property to each other.They have no children.They are both tragically killed in an airplane crash.What happens to their property?

• A) All property goes to the husband's family.
• B) All property goes to the wife's family.
• C) The wife's property goes to the husband's family; the husband's property goes to the wife's family.
• D) The wife's property goes to her family; the husband's property goes to his family.

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Definitions:

Communication Technologies

Refers to tools and platforms used for facilitating communication, including the internet, mobile devices, social media, and email.

Reflective Listening

A communication method in which the listener restates what has been said in order to confirm understanding of both the content and the feelings expressed.

Limited Partnership

A business structure where one or more general partners manage the business and are personally responsible for its debts, and one or more limited partners contribute capital but have limited liability.

Double Taxed

The situation where the same income is taxed twice, typically referring to corporate income taxed at both the corporate level and again when distributed as dividends to shareholders.