Which of the Following Is True If You Are an Unmarried

question 24

Multiple Choice

Which of the following is true if you are an unmarried couple?

• A)A partner has the same legal rights as a spouse.
• B)Unmarried couples can use the marital deduction.
• C)Unmarried couples have less need for estate planning than married couples.
• D)Unmarried couples face formidable retirement and estate planning challenges.
• E)All of the other answers are true about unmarried couples.

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Definitions:

Flotation Costs

Expenses incurred by a company in issuing new securities, including underwriting fees, legal costs, and registration fees.

Debt/Equity Ratio

The ratio that outlines the distribution of financing between debt and equity for company assets.

Cost of Equity

The rate of return that shareholders require on their investment in a company, influencing how much a company should pay to finance its equity.

Pre-Tax Cost of Debt

The rate of return that a company pays on its debt before taking into account taxes.