Lila Is the Owner and Beneficiary of a Policy on the Life

question 118

True/False

Lila is the owner and beneficiary of a policy on the life of her husband,Austin.Upon Austin's prior death,the insurance proceeds paid to Lila do not qualify for the marital deduction.

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Definitions:

Numbers Use

The application or utilization of figures and numerical data in analysis, calculations, or statistical studies.

1/3rd

A fractional value representing one part out of three equal parts of a whole.

Misused Word(s)

Words that are incorrectly used in place of others, often compromising the clarity and correctness of communication.

Try And

A colloquial expression often criticized in formal writing for being grammatically incorrect, with "try to" being the preferred form.