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:

Drawee

The party in a financial transaction who is directed to pay a certain amount of money as outlined in a draft or check.

Draft

A preliminary version of a document or plan that is subject to revision.

Accept

To agree to receive or undertake something offered.

Payee

A payee is the individual or entity to whom a payment is made, typically named or designated in a financial transaction document.