Which Is NOT a Way in Which an Estate Planner

question 5

Multiple Choice

Which is NOT a way in which an estate planner can use trusts to benefit family members?

• A)Identify the estate assets and the beneficiaries who are to receive them.
• B)Diminish problems such as will contests.
• C)Reduce federal and state death taxes.
• D)Avoid probate.

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Definitions:

Net Income

The amount of money that remains after all operating expenses, interest, taxes, and dividends have been deducted from total revenue.

Indirect Method

A way of preparing the cash flow statement where net income is adjusted for non-cash transactions and changes in working capital.

Book Value

The net value of a company's assets as reported on the balance sheet, calculated as total assets minus total liabilities and intangible assets not readily marketable.

Office Equipment

Tangible property such as desks, chairs, and computers used in the daily operations of an office.