Composite Attributes Consist of Multiple Subattributes

question 5

True/False

Composite attributes consist of multiple subattributes.

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Definitions:

Executor

An individual appointed to administer the estate of a deceased person, managing the distribution of assets according to the will.

Minor's Section 2503(c) Trust

A trust set up for the benefit of a minor according to Section 2503(c) of the Internal Revenue Code, allowing gifts to be made to the trust without incurring gift taxes.

Qualified Terminable Interest Property Trust

A type of trust that allows an individual to transfer assets to a surviving spouse tax-free upon their death, while controlling the distribution of the estate after the spouse's death.

Uniform Probate Code

A set of laws designed to simplify the probate process and standardize the distribution of an individual's estate across the United States.