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Complete the Following Statements by Filling in the Blanks:
\underline{\quad\quad}

Question 46

Essay

Complete the following statements by filling in the blanks:
?
a. Real property disposed of under a valid will is called a(n) \underline{\quad\quad}
b. A person who dies without a valid will is said to die \underline{\quad\quad}
c. The personal representative of the decedent under a valid will is called the \underline{\quad\quad}
d. For an unmarried person, the amount of property exempted from the federal estate tax is referred to as the \underline{\quad\quad}
e. Since estate rates increase as the tax base increases, the rates are said to be \underline{\quad\quad}
f. With spousal consent, nontaxable gifts per individual per year amount to \underline{\quad\quad}
g. Under appropriate conditions, the fiduciary of an estate may value assets at a date six months after death. The date is called the \underline{\quad\quad}
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 a(n) a(n) \underline{\quad\quad} legacy.
i. Income from an asset may be assigned to one party called the \underline{\quad\quad} After a stipulated period of time, the asset itsel f f may be distributed to another party called the \underline{\quad\quad}

Correct Answer:

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a. devise
b. intestate
c. exec...

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