Lstd 210 Week 8 Final Exam Answers

a. Credit will only be given if you clearly show your work, and clearly indicate the final answer.

c. both the expenses incurred for office space, equipment, and supplies, and her foregone salary of $42,000 per year

C. The funding source won’t finance services-You should be prepared for termination and have a plan set up for alternative services for your client.

He wants to give his children a gift of $100,000 - $20,000 each, but he doesn’t want them to spend it immediately. He knows that at 3 of his 5 children would spend the money immediately if he simply gave it to them. He knows that his oldest daughter, Eliza, is responsible and will act in accordance with his wishes. So Larry creates the Wright Family Trust and names Eliza as the trustee of the trust. Larry names himself as the income beneficiary of the trust so that he will continue receiving the interest from the $100,000. He wants the principal ($100,000) to be distributed to his children after his death. Eliza goes to the bank and sets up the Wright Family Trust bank account. Only Eliza has signature authority on the account, as she is the sole trustee. Larry then transfers $100,000 of his money into the trust account. From this point forward, Eliza, as the trustee, manages the money for the rest of Larry’s lifetime. She makes sure that Larry continues to receive the interest as income beneficiary of the trust, and Eliza distributes the principal to the other children (all designated as principal beneficiaries) after Larry’s death. If Larry had needed to move into a nursing home five years after the trust was created, the $100,000 would not be considered as a countable asset for Medicaid eligibility.

B. The Provider is agreeable to providing such services to the Client, on the terms and conditions

Further, with regard to the duty of confidentiality, we owe an equal duty of loyalty to each of you. As such, it is imperative that each of you understands anything you individually communicate with our firm may be shared with the other members of LiteCharge Enterprises. Again, ethical considerations prohibit us from agreeing to withhold information from any of our clients in this representation if the information might affect any of our client’s interests. Unfortunately, we may be forced to withdraw our representation of one or all of you if one or more of you refuse to abide by these terms, provisions, and disclosures. Of course it should be mentioned that anything any of you individually discuss with us is privileged from disclosure to third

The Attorney General or district attorney may consider costs incurred by the financial institution including:

Small-to-medium business owners in Las Vegas know the importance of having a trusted legal team by their side, whether they are looking to expand current operations or need assistance with human resource processes. Gordon Law can provide assistance in these matters and many more thanks to attorney Aviva Green’s rich litigation background.

I think that doing the right thing is the going to cause the greatest good and least harm. We as humans make mistakes but we need to own up to those mistakes. As the President of this company I cannot have on my conscious something like the Attorney proposed. It is conniving, wrong and harmful to the

The question here is whether Philip’s express trust is binding on Kenneth and, if so, whether it is a legal or equitable interest. Philip is a beneficiary, he has a beneficial interest on the house. One may argue that Philip has an equitable interest to the house as it does not fall within those listed as legal interest under s.1(2) of the Law of Property Act 1925(LPA) . Kenneth will only be bound by Philip’s interest if it was registered as a restriction under s.40 of the LRA

B. The money that is collected is put in a trust fund that provides a monthly income for retired workers.

Provide a detailed explanation of the business process as provided by the case. Contrast the processes in place with those that should have been followed. Explain in detail any deficiencies.

Internal legal support remains slightly unknown its sphere of influence. While most of the large companies have had prestigious in-house legal departments for years, which are responsible of solving and preventing legal troubles inside of company, very few people know that some of these areas – comprised sometimes by more

In every business of today, every business and organization needs legal assistance. Yet, the types of legal assistance might not always be the same, depending on the individual industry and situational analysis of the business in question. This is a comparison of traditional and nontraditional litigation services that are often used by contemporary businesses, with special attention paid to Alternative Dispute Resolution (ADR).

The answer is C, to inquire management at a level above those likely to be involved. The reason C is the correct answer is because it is one of the three things that an auditor should do when they believe that an illegal act has occurred. The other 2 things that they should do are: The auditor should consult with the client’s legal counsel or other specialist who is knowledgeable about the potential legal act. And the auditor should consider accumulating additional evidence to determine whether there actually is an illegal act. (Page 146-147)