Cary and Bo Are Husband and Wife

question 139

True/False

Cary and Bo are husband and wife. Using their community funds, they create a trust, life estate to Bo, remainder to their children. Four years later, Cary predeceases Bo. Nothing as to this trust is included in Cary's gross estate.

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Definitions:

SWOT Analysis

SWOT analysis is a strategic planning tool used to identify and understand a company's Strengths, Weaknesses, Opportunities, and Threats.

Opportunities

Situations or conditions favorable for achieving a specific goal or for implementing a new strategy.

Strengths

Characteristics of the business or team that give it an advantage over others in the industry.

Latent

Existing but not yet developed or manifest; hidden or dormant potential that may emerge under certain conditions.