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.

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Definitions:

Escape Character

A character used in string literals to signify that the next character has a special meaning or should be interpreted differently.

Ampersand Character

The '&' character, used in programming languages for various purposes, such as denoting a reference, logical AND, or bitwise AND.

Floating-point

A method of representing real numbers in a way that can accommodate a wide range of values by using a fraction and an exponent.