Giving Flashcards

1
Q

what four things represent healthy giving ?

A

ones values, needs, wants, goals

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2
Q

what two things do you need to be a giver?

A

time and emotion

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3
Q

What resources are used in caring for an infant?

A

“1.Child Care Programs Following Appropriate Health and Safety Practices “ it goes on after this but there are like ten steps”.

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4
Q

what are some examples of healthy giving

A

an example of healthy giving is :, “a person may give money
for a scholarship to help another to have a
similar opportunity for education.This type of
giving is motivated by feelings of gratitude for
the goodness of life, care for others, and the
expectation of the joy that is felt when the gift
is made.” ( Arizona state university)

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5
Q

what are some examples of unhealthy giving

A

“a stressed parent who works long
hours buys a gift for her daughter on the way home as
compensation for the lack of parental time. Or the teenager
is given an expensive car by grandparents, with the
expectation that the teenager visit the grandparents more
frequently because of the gift” (Arizona state university”

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6
Q

explain healthy giving

A

healthy giving is when you don’t give for a reward you just do it because it is right.

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7
Q

explain unhealthy giving

A

unhealthy giving is when individuals do not have excess in his or her life. and they don’t even feel like giving they just want to give to get something out of that person.

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8
Q

what does giving reward you with ?

A

Giving is a human action that can provide meaning and positive
emotion

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9
Q

what are special gifts

A

particular item or property in an estate transferred to beneficiary on owner’s death

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10
Q

what are Non-specific gifts

A

a gift that does not refer to specific item

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11
Q

what are Residuary gifts

A

-everything left in estate after all debts, bills and taxes have been paid and specific and non specific gifts have been distributed

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12
Q

Gifts to children

A

executors will keep for safekeeping gifts to children under 18 until they become of age unless will specifies guardian or parents take receipt of gift on child’s behalf

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13
Q

Gifts to charities

A

Gifts left to charity in will are free from inheritance tax.

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14
Q

what is a grantor?

A

person who forms the trust and supplies the assets

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15
Q

what is a trustee?

A

person named in the trust to administer the trust according to the terms and state trust law

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16
Q

what is a benificiary?

A

the person for whose benefit the trust property is held by the trustee

17
Q

what is “intent from grantor”?

A

must have a valid legal purpose

18
Q

what is property?

A

asses subject to the trust

19
Q

what does living trust mean ?

A

trust in which you assign the management of your assets to a trustee while you are living

20
Q

what does revocable living trust mean ?

A

living trust that can be dissolved

21
Q

what does irravocable living trust mean?

A

living trust that cannot be changed