William Is Updating His Estate Planning and Wants to Set

question 60

Multiple Choice

William is updating his estate planning and wants to set up the legal document to leave all of his assets except a specific amount to his wife.He is writing a(n)

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

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Definitions:

Multi-Industry

Pertaining to or involving several different industries or sectors of the economy.

Industry

The organized economic activity related to the production, manufacturing, or construction of goods and services within a particular sector.

Company

An organization or business entity engaged in commercial, industrial, or professional activities, either for-profit or non-profit.

Codetermination

A practice where workers have a role in the management of a company through participation on its board or through committees, common in some European countries.