Identify the Major Reasons Behind the Decline in Family Size

question 41

Essay

Identify the major reasons behind the decline in family size during the twentieth century.

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Definitions:

Executor

A legal term referring to an individual appointed to carry out the terms of a will.

Estate Tax

Estate Tax is a tax levied on the net value of the estate of a deceased person before it is distributed to the heirs, applied in certain jurisdictions.

Trust Fund

A trust fund is a legal arrangement in which assets are held by a trustee for the benefit of another party, often used for estate planning or to manage assets for individuals or charities.

Demonstrative Legacy

A bequest in a will that specifies a particular asset or monetary source to fund the gift.