Complete the following statements by filling in the blanks:
?
a. Real property disposed of under a valid will is called a(n)
b. A person who dies without a valid will is said to die
c. The personal representative of the decedent under a valid will is called the
d. For an unmarried person, the amount of property exempted from the federal estate tax is referred to as the
e. Since estate rates increase as the tax base increases, the rates are said to be
f. With spousal consent, nontaxable gifts per individual per year amount to
g. Under appropriate conditions, the fiduciary of an estate may value assets at a date six months after death. The date is called the
h. A valid will says, "My nephew shall receive the gold Canadian maple leaf coins in my Greenwood Trust safety deposit box." This is an example of legacy.
i. Income from an asset may be assigned to one party called the After a stipulated period of time, the asset itsel may be distributed to another party called the
Correct Answer:
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b. intestate
c. exec...
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