For each of the following estate planning tools,provide details regarding their characteristics,material tax advantages,principal advantages,and principal disadvantages.
-Will
-Gift
-Trust
-Durable Power of Attorney
-Medical Power of Attorney
-Joint Account
Correct Answer:
Verified
Q17: Which of the following is irrelevant to
Q18: Which of the following is not a
Q19: A revocable trust:
A)Can be changed by the
Q20: What is intestate?
A)Dying without a will.
B)Preparing a
Q21: When children are under 18,
A)The first $800
Q22: Which of the following does not take
Q23: What are the fourteen steps of estate
Q24: Fast growing assets:
A)Are often preferred gifting vehicles
Q25: A bank account set up with the
Q26: Please list and describe eight factors for
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