If You Are Married, Your Estate Planning Involves

question 143

Multiple Choice

If you are married, your estate planning involves:

• A) the interest of at least two people.
• B) fewer legal requirements.
• C) fewer financial responsibilities.
• D) seeking the services of a securities broker.
• E) only yourself.

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Definitions:

Social Security System

The federal system of social insurance programs. It includes three separate programs that are financed through separate funds: the Old Age and Survivors Insurance (OASI) program, the Disability Insurance (DI) program, and the Health Insurance (HI), or Medicare program.

Tax Receipts

Government income due to taxation.

Federal Government

The national government of a federal country, which holds authority over matters that affect the entire country.

Income Distribution

How a nation’s total GDP is distributed amongst its population.