A Delay Clause Is Used to Prevent an Estate from Being

question 26

True/False

A delay clause is used to prevent an estate from being taxed twice in the event of simultaneous death.

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Definitions:

Ethnicity

A socially defined category based on common language, religion, nationality, history, or another cultural factor, distinct from the concept of race.

Financial

Relating to finance or the management of money.

Caregiving Assistance

Support and help provided to individuals who are unable to perform daily tasks by themselves, often due to age, disability, or illness.

Aging Parents

The process involving changes and challenges faced by parents as they grow older, often focusing on their health, independence, and the caregiving roles of their children.