Questions from Personal Finance


Q: What is an executor? Why is it important to name an

What is an executor? Why is it important to name an executor in your will?

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Q: How can you use annual gifts to reduce the tax burden on

How can you use annual gifts to reduce the tax burden on your heirs?

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Q: Lisa has an estate worth $3.21 million and three

Lisa has an estate worth $3.21 million and three children who will receive her assets on her death. Should she create a will give that her estate is worth less than the $5.43 million threshold that is...

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Q: In the nineteenth century, people traveled the country selling tonics that

In the nineteenth century, people traveled the country selling tonics that were guaranteed to cure all the ailments of humankind. In the twenty-first century, the “snake oil salesmen” have been replac...

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Q: What is an estate? What is estate planning? What is

What is an estate? What is estate planning? What is the main goal of estate planning?

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Q: What is a will? Why is a will important? What

What is a will? Why is a will important? What happens if a person dies without a will?

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Q: List the requirements for a valid will

List the requirements for a valid will

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Q: Describe two common types of wills.

Describe two common types of wills.

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Q: List and briefly discuss the key components of a will.

List and briefly discuss the key components of a will.

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Q: When would you change your will? How can your will be

When would you change your will? How can your will be changed?

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