Questions from Personal Finance

Q: Offer some positive and negative observations on the wisdom of buying an

Offer some positive and negative observations on the wisdom of buying an annuity with some of your retirement nest egg money when you retire.

Q: What is probate, and give three examples of how people should

What is probate, and give three examples of how people should transfer assets by contract to avoid probate.

Q: Distinguish between probate and nonprobate property.

Distinguish between probate and nonprobate property.

Q: Now that you have read the chapter on buying housing, what

Now that you have read the chapter on buying housing, what do you recommend to Shelby Clark regarding: 1. Buying or renting housing in the Denver area? 2. Steps she should take prior to actively looki...

Q: What topics go into a properly drafted will?

What topics go into a properly drafted will?

Q: Distinguish between an irrevocable living trust and testamentary trusts?

Distinguish between an irrevocable living trust and testamentary trusts?

Q: What is the likelihood of average people paying estate or inheritance taxes

What is the likelihood of average people paying estate or inheritance taxes?

Q: Miguel Perez of Pamona, California, obtained a two-year

Miguel Perez of Pamona, California, obtained a two-year installment loan for $1,500 to buy a television set eight months ago. The loan had a 12.6 percent APR and a finance charge of $204.72. His month...

Q: Kayla Sampson, an antiques dealer from Mankato, Minnesota, received

Kayla Sampson, an antiques dealer from Mankato, Minnesota, received her monthly billing statement for April for her MasterCard account. The statement indicated that she had a beginning balance of $600...

Q: Kimberly Jensen of Storm Lake, Iowa, wants to buy some

Kimberly Jensen of Storm Lake, Iowa, wants to buy some living room furniture for her new apartment. A local store offered credit at an APR of 16 percent, with a maximum term of four years. The furnitu...