MATCHING: -An Estate Planning Device Whereby a Portion of a Deceased

question 15

Multiple Choice

MATCHING:
-An estate planning device whereby a portion of a deceased spouse's estate passes to a trust instead of directly to the surviving spouse

• A)marital deduction
• B)charitable remainder
• C)gift splitting
• D)present interest
• E)legal life estate
• F)stepped-up basis
• G)general power of appointment
• H)term life insurance
• I)disclaimer
• J)bypass trust

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Definitions:

Financial Success

Achieving a state of wealth or financial stability that meets or exceeds one's personal or societal expectations.

Hedonic Well-Being

A concept in psychology that refers to the aspect of well-being that involves pleasure, enjoyment, and the avoidance of pain.

Eudaimonic Well-Being

A concept of happiness and fulfillment derived from living in accordance with one's true self and realizing one's potential and personal growth.

Self-Determination

A theory of motivation that emphasizes the role of autonomy, competence, and relatedness in fostering motivation and psychological well-being.