One of the Aspects of Disposition of Property Consists of

question 118

Multiple Choice

One of the aspects of disposition of property consists of

• A)distributing residual assets after specific gifts have been made.
• B)allocating the burden of taxes among the beneficiaries.
• C)determining which county will have legal jurisdiction.
• D)naming the executors of the estate.
• E)none of these.

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Definitions:

Annuity Due

An annuity for which the payments are made at the beginning of each period, as opposed to the end in a regular annuity.

Ordinary Annuity

A series of equal payments made at regular intervals, with the distinguishing characteristic that payments are made at the end of each period.

Present Value

Today's value of money or cash flows to be received in the future, determined by applying a given rate of return.

Future Value

The value of a current asset at a specified date in the future, calculated using estimated rates of growth or return.