Personal Finance Study Set 5
Quiz 19: Estate Planning
A Generation-Skipping Trust Allows People to Directly Leave a Substantial
A generation-skipping trust allows people to directly leave a substantial amount of money to their grandchildren.
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Community property is any property that has been acquired by only one of the spouses during the marriage,but not by gift,devise,bequest or inheritance,or,by the income therefrom.
Life insurance may be a reasonable,feasible,and economical means of paying your estate tax.
Inheritance taxes are imposed only by the state governments.
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