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Investments have two basic sources of returns, what are they? Payments and stock dividends Current income and capital gains Capital gains and dividends Current income and other income Macy fell into coma. Doctors do not know how to proceed with her situation and are afraid to make any assumptions for the fear of a lawsuit. Which of the following documents would have aided Macy in receiving the desired care while in coma? Power of Attorney O Letter of Last Instruction O Trust Living will Texas is a community property state. This means that if you buy a house and are married, your spouse.... O is co-owner of 25% of the asset if they signed paperwork O is co-owner of 50% of the asset O is co-owner of 60% of the asset O is not owner of the asset because their name did not appear on the title Which of the following is true regarding joint tenancy? Consists of any number of people who must be related It is limited to three people at most Can only exist between spouses O May consist of any number of persons who do not have to be related Mauricio, Karen, and Russ own a property as tenants in common. Mauricio owns 25%, Karen owns 25%, and Steve owns 50%, but they all can use the entire property. Mauricio wants to retire and sell his part of the property. Which of the following is true? O If Karen buys Mauricio's share she will own 50% O Karen cannot buy Mauricio's shares Because of tenancy in common, Mauricio must offer his ownership to the highest % owner O Mauricio cannot sell his part to any other partner Russell passed away last month. Unfortunately he did not have enough time to create a will and leave his assets to his family. Which of the following is true regarding his situation? O He will be subject to state laws regarding intestacy O His ex wife will have access to 100% of his assets O None is true O His children and current wife will have access to 100% of his assets Which of the following are not components of an annuity? Principal Payment period Accumulation period O Distribution period

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