In Most States, the Testator's Marriage After the Execution of a Will

question 63

True/False

In most states, the testator's marriage after the execution of a will may affect the distribution of the estate.

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Definitions:

Tax Structure

The composition and design of tax rates, brackets, and policies within a particular tax system.

Regressive Tax

A tax system that imposes a higher percentage rate of taxation on low-income earners than on high-income earners.

Fixed Dollar Amount

A specific, unchanging sum of money that does not vary with circumstances, often used in contracts or financial agreements.

Tax

A mandatory financial charge or levy imposed by a government on individuals or corporations to fund government spending and public expenditures.