A Surviving Spouse's Share of the Community Property Is Not

question 75

True/False

A surviving spouse's share of the community property is not included in the deceased spouse's gross estate.

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Definitions:

Self-Dealing

Any instance in which directors or officers make decisions that violate their corporate duty of loyalty.

Duty of Loyalty

An agent’s obligation to act in the interest of the principal.

Fifth Amendment

An amendment to the US Constitution that provides several rights to individuals, including protection against self-incrimination and double jeopardy.

Defective Corporation

A corporation about which an error or omission was made during its incorporation process.