Which of the Following Is a Benefit of a Living

question 42

Multiple Choice

Which of the following is a benefit of a living trust?

• A)It helps reduce estate taxes more than a will does.
• B)It helps avoid probate on the property.
• C)It is not subject to property division upon divorce.
• D)It does not allow creditors to obtain liens against the property.

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Definitions:

Competitive Firm

A Competitive Firm is a company that operates in a market where it must set its price equal to the market price due to the presence of many competitors, with no single firm able to influence market conditions.

Marginal Product

The additional output generated by employing one more unit of input.

Production Functions

Mathematical representations of the relationship between a firm's inputs and its outputs.

U.S. Immigrants

People who have moved to the United States from another country to live permanently.