Cookie Is Updating Her Estate Planning and Wants to Write

question 21

Multiple Choice

Cookie is updating her estate planning and wants to write a legal document that will allow all of her assets to go to her spouse except for a certain amount that will be set up in a trust.The trust (plus interest) can provide her spouse lifelong income that will not be taxed.She is writing a(n)

• A) Exemption trust will.
• B) Guardian will.
• C) Simple will.
• D) Stated amount will.
• E) Traditional marital share will.

---

Definitions:

Sublessee

An individual or entity that rents or leases property from a lessee rather than directly from the original owner.

Routine Care

Basic or regular maintenance or treatment that is provided for the normal and everyday healthcare needs.

Implied Warranty

A warranty not explicitly stated but legally inferred to provide assurance that a product or service will meet certain standards.

Statutorily Defined

Specific descriptions or conditions outlined by law, rather than interpreted through common law or judicial opinions.