William is updating his estate planning and wants to draft a legal document that leaves all of his assets to his wife except a certain amount which goes into a trust. He is writing a(n)

Question

Quizplus · Accepted Answer

An Exemption Trust Will is designed to leave most assets to the surviving spouse while placing a portion of the estate into a trust, often to take advantage of tax exemptions or to ensure that certain assets are managed according to specific wishes. This matches William's intention to leave everything to his wife except for a certain amount that goes into a trust.

William Is Updating His Estate Planning and Wants to Draft