2023 Case 7 Estate Planning

In estate planning, setting ul a trust account in the name of beneficiaries may help to _______ a. Improve the faith of the beneficiaries b. Maximise the estate tax obligation c. Protect the beneficiaries against future inflation d. Protect the beneficiaries from the creditors of the donor

Finance Which of the following companies would help to administer your will? a. RBC Capital Markets b. RBC Insurance c. Ontario Educational Credit Union d. RBC Estate and Trust

18 When negotiating with homeowners in foreclosure, what must you do before discussing the numbers? A O Contact the lender to open negotiations on a short sale. Tour the property with the homeowners. Get copies of their loan documents and notices from the lender. DO Build their motivation.

Hw.19.   Sophia sold a painting that she held as an investment on an online auction website for $100. She bought the painting for $20 at a garage sale years ago. Sophia should report what amount as a capital gain on her Schedule D (Form 1040)? A. $0 B. $20 C. $80 D. $100

Using the 6 Steps of The Financial Planning Process, briefly describe how it can applied/modified to the estate planning engagement at each of the 6 stages?

Sophia Martinez wants to travel after she retires as well as pay off the balance of the loan she has on the home she owns. whi planning process does this situation demonstrate? Multiple Choice Determining her current financial situation Developing her financial goals Identifying alternative courses of action Evaluating her alternatives Implementing her financial plan

Please provide answer with Correct option

IDENTIFICATION

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Is this information correct in how to set up an RRSP

How do you measure returns to real estate investments? explain in 4 paragraphs

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1. Virendra decides to open a Sub Way outlet in his locality for which he will need certain assets and liabilities. But he want to know what asset and liabilities exactly means? You being a Commerce graduate, discuss and define assets and liabilities, their composition with five examples for assets and five examples for liabilities.

When an individual makes a purchase without considering the financial consequences of that purchase, he/she ignores the _____________ aspect of financial planning.     borrowing    risk management    spending    retirement and estate planning    obtaining    All of these choices are correct.    Explain answer and cite sources for answer.