An elderly customer has gifted stock from her brokerage account to her four children every year for the last 20 years, with the gift amount set at the annual IRS gift tax exclusion amount. You receive a phone call from the customer's oldest daughter stating that her mother is suffering from advanced dementia and has been moved to a long-term care facility. She instructs you to make the annual stock gift distributions to herself and her siblings. You should: A follow the daughter's instructions because the eldest adult child has automatic power of attorney over a parent's account under common law if the parent becomes mentally incompetent B follow the daughter's instructions only if she can produce a durable power of attorney that was signed by her mother C follow the daughter's instructions because there is an established 20-year pattern of giving stock gifts from the mother's account to her children D not follow the daughter's instructions under any circumstances and only take direction from the mother because the mother is still living
Solved
Show answers
More tips
- H Health and Medicine Is Massage Necessary? Facts and Opinions...
- C Computers and Internet Clearing Cache: How to Speed Up Your Browser...
- S Style and Beauty How are artificial nails removed?...
- S Style and Beauty Secrets of Tying a Pareo: 5 Ways...
- F Food and Cooking Everything You Need to Know About Pasta...
- C Computers and Internet How to Choose a Monitor?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
- S Style and Beauty How to Make Your Lips Fuller? Ideas and Tips for Beautiful Lips...
Answers on questions: Business
- B Business Describe how group structure group process and group task influence performance ams satusfication ?...
- B Business Nico has a net worth of $150,000. Nico sold all of his assets for cash and used that cash to pay off all debts and obligations. In theory, how much cash would remain with Nico...
- B Business Here have 100 points WOOHOO THANKX SAVED MY A** see you next school YEAR btw history was annoying...
- B Business Which of the following most accurately explains why fiat money has no value in itself? O A. Fiat money only has value as long as the free-market system exists. B. Fiat money has only...
- M Mathematics Please help for brainliest...
- H History Give two ways the Spanish Flu was different than the current corona Virus...
- M Mathematics Can sm1 help me with my math work like its due today...
- E English The pattern on the wallpaper in the kids room is of a tropical jungle with birds, plants and animals....
- M Mathematics Nancy has just purchased a new house that is in need of new flooring. Use the measurements given on the floor plans to the right to answer the following question. The cost of carpeting...
- C Chemistry Given the reaction N2 + 3H2 - 2NH3, how many GRAMS of ammonia (NH3) can be produced if you have 17.4g H2?...
Ответ:
The answer is "Choice B"
Explanation:
In this case, choice b is right because only when she can offer a permanent power of attorney authorized from her mother, would she also obey the daughter's instructions. Throughout this situation, we can do nothing which the daughter demands unless this develops a lasting enforcement power that the mother signs.
Ответ:
D
Step-by-step explanation: