Question:
Careful estate planning could reduce taxes that the estate is liable for.
Response:
True
False
Once you develop an estate plan, you cannot make any changes and must follow this plan through.
Estate planning includes making a list of all the assets you own or have an interest in.
In calculating the tax liability of an asset, is subtracted from .
original cost
fair market value
The simplest way to implement an estate plan is with a trust.
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