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Match the Concept, Term, or Theory with Its Correct Response

question 7

Multiple Choice

Match the concept, term, or theory with its correct response or definition.
-Bonds between people who share the same cultural background but who are of different ethnic groups.


Definitions:

Specific Legacy

A bequest of a particular piece of property or a specific asset left to a named beneficiary in a will.

Wal-Mart Stores

A multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores.

Remainderman

The person or entity entitled to receive the remainder of an estate or trust once all prior obligations or life estates are satisfied.

Credit Shelter Trust

A legal arrangement allowing a person to bequeath an amount under the estate tax exemption to beneficiaries other than their spouse, minimizing estate taxes.

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