Exam 2: Estate Planning

When dealing with property titling, what law is based on custom and general principles and in embodied in case law?

Often there are situations that do not fit traditional situations or secession of inheritance and estate planning for these non-traditional relationships must supplied. There are four major non-traditional situations. Jason and Mike have been living together for thirty years. They know death will come sooner than later. What would be true of estate planning for this couple?

What are gifts made during life, which are either in excess of a donor's annual exemption or are not a present interest?