Marital property - Study guides, Class notes & Summaries

History Final: American YAWP 1-15 The first American arrived on the North American continent approximately - 12-20 thousand years ago Agriculture arose in North America - Nearly simultaneously as in Asia/eastern hemisphere The crops most commonly grown by Native Americans, also called the "Three Sisters," include all of the following except - Wheat What is the best term to describe Native Americans ancestry/descent? - Matrilineal What was the name of the largest city in the Mi...

SOC 100 Exam 3 Fall 2024 Purdue Already Passed What is the definition of a family, and what are its components (i.e. what are the three aspects that defines a family)? A family is a recognized group (usually joined by blood, marriage, cohabitation, or adoption) that forms an emotional connections and serves as an economic unit of society. *Aspects that define a family:* 1. Family is a status role in society 2. Marriage traditionally leads to a family 3. Marriage is not necessary for a family. ...

CDFA Module 2 Exam Questions And Answers Asset most likely to be couple's most valuable? - ANS- Family Home Separate Property - ANS- Property a person brings into the marriage; inherits during the marriage; or receives as a gift during the marriage. Marital Property - ANS- Everything acquired during the marriage, regardless of which spouse owns the property (including the increase in value of property in some states). Key documents for collecting financial information - ANS- financial...

Well-structured PVL2602 Assignment 1 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). .... QUIZ Question 1 Complete Mark 1.00 out of 1.00 Wanda was a successful businesswoman who owned a house and several other assets. She was married to Steven, who iscurrently unemployed. They had two daughters, Bea and Carla. Wanda was diagnosed with cancer and shortly thereafter sheapproached ABC Trust and Wills to draw up a will for he...

Colorado Real Estate – Contracts Exam Questions and Answers 100% Pass vicarious liability - Correct Answer ️️ -a principal's liability for an agent's acts performed within the scope of the agency; specifically excluded by Colorado statute from a principal's liability unless the act or omission was approved, directed or ratified. (The employing broker is responsible to licensees actions) Sam is an associate broker who wishes to purchase investment property. What must Sam do when t...

Florida Funeral Law Exam Questions and Answers 100% Pass All cemeteries must abide by these rules except for: 1 of 2 - Correct Answer ️️ -Religious cemeteries with less then 5 acres & only single depth spaces, County & Municipal cemeteries, community & nonprofit associations with only single level spaces & do not sell burial space or merchandise All cemeteries must abide by these rules except for: 2 of 2 - Correct Answer ️️ -Columbarium of less then 1/2 acre owned by a religious g...

A couple listed their home with a broker. After 2 months, the seller found a buyer, and the sale closed. The seller was not obligated to pay a commission to the broker. This listing was MOST likely 1. an exclusive agency listing. 2. an exclusive right to sell listing. 3. a net listing. 4. an advance fee listing. - ANSWER an exclusive agency listing What critical aspect of the property inspection process MUST licensees convey to prospective buyers? 1. Difficulty of finding competent ins...

Tract building - Answer- When a dev. Acquired land, records a plat map and uses a model center from which sales may be made Local level - Answer- Planning, zoning, property taxation, building and health codes and regulations, and building moratoriums that affect development play a significant role in the cost and desirability of real estate Broker associate - Answer- A licensed broker working for another broker False - Answer- A florida real estate license applicant must be a resident a...

Cannon CTFA Prep Questions with complete Answers 2023 Jean and John Simmons are married and own their own home as tenants by entirety. When John dies the home is valued at $350,000. How much will be counted in his gross taxable estate? A. None, as it passes directly to his spouse, Jean. B. $175,000 - or one-half of the value C. $225,000 - or the full amount minus the $125,000 one-time exclusion for capital gains on a person residence. D. $350,000 - the full amount is includable. B. $175,...

Texas Bar Exam - Family Law Question and answer 100% correct 2023Requirements to prove Common law marriage (Informal Marriage) no minor ACHE 1. neither party can be a minor 2. agreement to be married 3. cohabitation - lived together in TX 4. held themselves out as husband and wife in TX 5. evidence of their agreement (circumstantial ok) * if an action to prove CL marriage is not brought within 2y after the parties separated, the rebuttable presumption is that they had not agreed to be m...