Which of the Following Procedures Carried Out Will Reduce Both

question 83

Multiple Choice

Which of the following procedures carried out will reduce both Mary's future gross estate and her probate estate?

• A)Mary creates a revocable trust naming her children as the beneficiaries.
• B)Mary issues a timely disclaimer as to real estate that is willed to her by her grandfather.
• C)Alan (Mary's surviving husband) takes out an insurance policy on Mary's life and names himself as the beneficiary.
• D)One year before her death, Mary gives an insurance policy on her life to her son, the designated beneficiary.
• E)Mary purchases real estate as joint tenants with her sister. Mary predeceases her sister.

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Definitions:

Internal Attribution

The process of assigning the cause of behavior to something within the individual, such as personality traits or feelings.

Unstable Attribution

The belief that an individual's behavior or performance is due to changeable, situational factors rather than fixed traits.

Actor/observer Bias

The tendency to attribute one's own actions to external factors while attributing others' actions to their personality.

Behavioral Explanation

An account that attributes an action or pattern of behavior to learned responses and interactions with the environment.