The Objective of Estate Planning Is To

question 47

Multiple Choice

The objective of estate planning is to:

• A) avoid the disposition of assets to the possible beneficiaries.
• B) maximize the taxes involved in the transfer of assets.
• C) create a situation of intestacy.
• D) determine how to invest the estate's assets after your death.
• E) maximize the usefulness of people's assets during their lives.

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Definitions:

Private Investment

The expenditure on capital goods by private sector firms or individuals to increase their productive capacity.

Federal Budget

The annual financial statement presenting the government's proposed revenues and spending for a fiscal year.

U.S. Treasury Securities

U.S. Treasury securities are debt instruments issued by the United States Department of the Treasury to fund government spending activities.

GDP

Gross Domestic Product, the total market value of all final goods and services produced within a country in a given period.