For the purpose of avoiding estate taxes,estate planning involves all but

Question

Quizplus · Accepted Answer

A living will is used to specify a person's end-of-life wishes, such as when to withhold or withdraw life support. While a living will is an important aspect of overall estate planning, it is not typically used specifically for the purpose of avoiding estate taxes. Trusts, gifts, and contributions, on the other hand, are all commonly used as part of estate planning strategies to minimize estate taxes.

For the Purpose of Avoiding Estate Taxes,estate Planning Involves All