Which, If Any, of the Following Procedures Reduces Both Ned's

question 72

Multiple Choice

Which, if any, of the following procedures reduces both Ned's gross estate and probate estate?

• A)Ned purchased a CD listing title as "Ned, payable on proof of death to Eileen." Eileen is Ned's niece.
• B)Four years ago, Ned named his wife as the designated beneficiary of his IRA. (Previously, Ned's estate was the designated beneficiary.)
• C)Using her funds, Ned's wife purchased real estate listing herself and Ned as "tenants by the entirety with right of survivorship."
• D)Four years ago, Ned made a gift of an insurance policy on his life to his daughter (the designated beneficiary).
• E)None of the above.

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Definitions:

Labor Spies

Individuals hired by employers to infiltrate, monitor, or gather intelligence on labor unions and employee activities, often to counter organization efforts.

Auto and Steel Industries

Sectors of the economy known for their historical significance in American manufacturing and heavy unionization, often associated with large-scale industrial labor.

Intimidation

The act of deliberately making someone afraid in order to influence their behavior or decisions.

CIO

Short for Congress of Industrial Organizations, it is a federation of unions that organized workers in industrial unions in the United States and Canada from 1935 to 1955.