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All the following factors are important in assessing the liquidity needs of an estate except:

True or False:  A sarcoma is a malignant growth.

Which of the following objectives are appropriately considered part of the estate planning process? (1) Accumulation of wealth (2) Conservation of wealth (3) Management of wealth (4) Safe Harboring of wealth

True or False: Oropharynx is the portion of the throat dorsal to the larynx that opens into the voice box and esophagus

Taylor received stock from his Dad as a lifetime gift as follows: Date of gift – 01/01/2024 FMV at date of gift – $300 Date of purchase – 06/07/2007 Purchase price – $500 What are the tax consequences if Taylor sells 2/2/2024 for $400?

 Inflammation of the kidney is

Beneficiaries of a trust must be legal persons and cannot be legally incompetent persons who are unable to enforce their rights.  

Special-use valuation under 2032A may be elected by the executor for which of the following kinds of property? (1) An art collection sold from the estate within 6 months after death (2) Farmland

Mary is updating her estate planning documents and is worried that the property that her daughter, Sally, will inherit from Mary may disqualify her from receiving certain means-tested government benefits. What type of trust should Mary consider setting up for Sally to receive her inheritance to help preserve such benefits?

John’s net worth is $17,000,000 consisting entirely of his separate property. His wife’s net worth is $200,000, consisting entirely of her separate property. As part of John’s estate plan, he would like to transfer as much property to his children as possible after his wife’s death, while applying as much of his Estate Tax exemption as possible to his estate upon his death. He would also like to ensure that his wife has access to all of his net worth for the rest of her life. Assuming John died in 2024, and assuming his wife is a U.S. citizen, which of the following estate plans would best fulfill his goals: