If you create a will,
A)probate is avoided.
B)the will is irrevocable once created.
C)the will reduces or eliminates estate taxes.
D)none of the above

Question

If you create a will,​
A)probate is avoided.
B)the will is irrevocable once created.
C)the will reduces or eliminates estate taxes.
D)none of the above

Quizplus · Accepted Answer

Creating a will does not avoid probate, make the will irrevocable, or reduce or eliminate estate taxes. Probate is the legal process through which a deceased person's will is validated, and their estate is distributed. A will can be changed or revoked by the creator during their lifetime, and estate taxes depend on the value of the estate and tax laws, not the existence of a will.

If You Create a Will,​

If You Create a Will,