27 Oct Arnold and Alice Peasgood have three adult sons: Arnold, Jr., Andrew and Alex. Arnold, Jr. and Alex are both married and have two children.
Arnold and Alice Peasgood have three adult sons: Arnold, Jr., Andrew and Alex. Arnold, Jr. and Alex are both married and have two children. Andrew has been married three times, has three children (one with each wife), and has recently moved back home to his parent’s house after loosing his house to foreclosure. The Peasgoods have a very substantial estate. Arnold recently passed away, leaving Alice as the executor of his estate. Alice has come to the office to talk about making some gifts to her sons, and possibly creating a trust for Andrew, and Andrew’s three children, Denise, Jonathan and Annemarie. Andrew tends to spend money without thinking. His mother is concerned that he will never save enough to own a home, pay for his children’s college education, or retire. Alice wants to give all of her sons yearly gifts, but wants to control the money that goes to Andrew so that he can use some during his lifetime, but some will be saved for his children. She thinks that she and Arnold Jr. should be trustees, but when she dies, Arnold Jr. can take over.
Please respond to the following questions:
1. Should the trust be revocable or irrevocable?
2. Can Alice serve as a Trustee?
3. Who will be the beneficiaries ?
4. What additional information needs to be discussed with Alice? Please include the specific questions you would ask Alice.
5. Draft a proposed form of trust for Alice.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.