Which One of the Following Wills Automatically Leaves One-Half of Your

question 122

Multiple Choice

Which one of the following wills automatically leaves one-half of your adjusted gross estate to your spouse?

• A)Simple
• B)Traditional marital share
• C)Exemption trust
• D)Stated dollar amount
• E)A/B trust

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Definitions:

Special Act Corporation

A corporation that is created by a specific act of a legislature, tailored for a particular purpose or corporation.

Statutory Corporation

A corporation created by statute, typically owned by the government, to carry out specific governmental or public functions.

Oppression Remedy

Legal relief available to shareholders or members of a corporation when their rights are unfairly prejudiced or disregarded by others in power within the company.

Derivative Action

A legal mechanism allowing a shareholder to sue or take legal action on behalf of a corporation to protect the corporation's interests.