Which of the Following Procedures Carried Out Will Reduce Both

question 106

Multiple Choice

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

• A) Mary issues a timely disclaimer as to real estate that is willed to her by her grandfather.
• B) Mary creates a revocable trust naming her children as the beneficiaries.
• C) One year before her death, Mary gives an insurance policy on her life to her son, the designated beneficiary.
• D) Mary purchases real estate as joint tenants with her sister. Mary predeceases her sister.
• E) None of the above.

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Definitions:

Small Vocabulary

A limited set of words known and used by an individual.

Reading Skills

The abilities that enable an individual to decode written text, comprehend it, and derive meaning from it.

Multiple Perspectives

The consideration or analysis of a situation, problem, or concept from various viewpoints to gain a comprehensive understanding.

Phonological Awareness

The recognition and understanding of the sound structure of language, including the ability to manipulate sounds.