Answer the following questions in 200 words or more. Place the essay answer in the submission box as a single Word Doc by Sunday at 11:59pm.
What are the advantages and disadvantages of a sprinkling or spray trust?
List the different types of marital deduction trusts
What is a charitable remainder trust?
What are the Crummy powers?
Why is the cy pres doctrine?
What is the purpose of a spendthrift trust?
What is the purpose of a pet trust?
What is a special needs trust and when would it be used?
What is an ILIT?
What is a charitable remainder unitrust?
What is the purpose of a gift?
Keep the following in mind when drafting your essay:
1) When addressing legal opinions, use the IRAC method. IRAC stands for Issue, Rules, Analysis (sometimes referred to as application), Conclusion. Discussing an opinion using an IRAC will ensure that you address the relevant aspects of each opinion.
2) Write the essay in a manner where it is clear you understand the concept. Repeating concepts from the text does not illustrate to me that you understand the material. The best essays will include an example or illustration of the concept discussed.
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