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Lewis gives us two reasons for not giving in to this potentially toxic desire to belong to an "Inner Ring." Briefly describe these two reasons. Do you agree with Lewis that one should resist temptation to belong to such a group and that it invariably leads to corruption and scandal? Why or why not?
Federal Estate Tax
A tax imposed by the federal government on the transfer of the taxable estate of a deceased person, whether it passes via will, according to state law, or in other ways.
Charitable Remainder Trust
A tax-exempt trust arrangement designed to reduce the taxable income of individuals by first donating assets to a charity and then receiving a portion of the income generated by these assets for a certain period.
Charitable Lead Trust
A trust designed to provide financial support to one or more charitable organizations for a specific period, with the remaining assets eventually passing to non-charitable beneficiaries.
Funeral Expenses
Costs incurred for services and materials related to the burial or cremation of a deceased individual.
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