Benjamin Wiley Is Married and Has Assets Totaling $7 Million

question 31

Multiple Choice

Benjamin Wiley is married and has assets totaling $7 million.What type of will would most likely result in the lowest overall amount of federal estate taxes? Assume the exemption amount is $3 million.

• A)Simple
• B)Traditional marital share
• C)Exemption trust
• D)Stated dollar amount
• E)Living

---

Definitions:

Cholesterol

A type of fat found in the blood that is vital for the formation of cell membranes, certain hormones, and vitamin D, but high levels can lead to health risks such as heart disease.

Moral Development

Describes the evolution of an individual's understanding of what is right and wrong, and their behavior in relation to these moral principles.

Social-Moral

Refers to the behaviors, practices, and norms that are considered morally acceptable and beneficial to the well-being of society.

Judgments

The ability to make considered decisions or come to sensible conclusions.