A Bypass Provision in a Will Requires a Decedent to Have

question 122

True/False

A bypass provision in a will requires a decedent to have a taxable estate in order to use an applicable credit to reduce total estate taxes on a married couple.

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Definitions:

Duty of Care

A legal obligation to avoid causing harm to others, typically applied in negligence cases.

Professional Association

An organization seeking to further a particular profession, the interests of individuals engaged in that profession, and the public interest.

Insurance Agent

A professional who sells, solicits, or negotiates insurance policies on behalf of an insurer.

Threefold Test

A method used in various legal contexts to evaluate criteria or conditions based on three distinct factors.