Match the terms with their descriptions:
-Decree
A) Tax imposed on a person inheriting from a decedent's estate
B) Sum of money that is used to offset what is owed in taxes
C) People who would have inherited had the decedent died intestate
D) People standing behind the personal representative in the event that he or she fails to do the job
E) Person offering the will for probate
F) Person holding a position of trust
G) Decision of a court of equity
H) Duty of proving a fact
I) Tax imposed on the estate of a deceased person
J) Key step in estate settlement
Correct Answer:
Verified
Q41: Gifts made within three years of the
Q42: A sum of money that is used
Q43: A tax imposed on a person who
Q44: A will may be contested on the
Q45: Match the terms with their descriptions:
-Burden of
Q47: Match the terms with their descriptions:
-Fiduciary
A) Tax
Q48: Match the terms with their descriptions:
-Filing a
Q49: Match the terms with their descriptions:
-Proponent of
Q50: Match the terms with their descriptions:
-Estate tax
A)
Q51: Match the terms with their descriptions:
-Tax credit
A)
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