Will Jones has created a will that leaves everything to his wife except an exemption amount of $3 million.This exemption amount passes into a trust.What type of will has Will created?

Question

Quizplus · Accepted Answer

An exemption trust will is designed to minimize estate taxes by allowing a portion of the estate (in this case, $3 million) to pass into a trust, rather than directly to a beneficiary. This setup helps in taking advantage of the estate tax exemption.

Will Jones Has Created a Will That Leaves Everything to His