A will is a legal document outlining the plan for one’s: Group of answer choices -goals of the survivors. -funeral plan and costs. -management of assets. -payment of estate taxes. -disposition of assets.

A will is a legal document outlining the plan for one’s: Group of answer choices -goals of the survivors. -funeral plan and costs. -management of assets. -payment of estate taxes. -disposition of assets.

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter15: Preserving Your Estate

Section: Chapter Questions

Problem 1LO

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Concept explainers

Reasons for Estate Planning

Planning is a process that helps decide in advance about future activities and operations. Planning helps to draft the procedures by identifying, analyzing, and designing how to work, when to work, by whom should be done, and what has to be done. It is the primary step followed by a person, business organizations, institutions, companies, etc.

Question

A will is a legal document outlining the plan for one’s:

Group of answer choices

-goals of the survivors.

-funeral plan and costs.

-management of assets.

-payment of estate taxes.

-disposition of assets.

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A gift is valued at the date of* the death of the donor. notarization of the deed of donation. completion or acceptance of the donation payment of donor's tax.