Module 10B: Introduction to Woodlot - Income Tax and Estate Planning

Question Results

Score 1 of 1

Question:

Careful estate planning could reduce taxes that the estate is liable for.

Response:

	True
	False

Score 1 of 1

Question:

Once you develop an estate plan, you cannot make any changes and must follow this plan through.

Response:

	True
	False

Score 1 of 1

Question:

Estate planning includes making a list of all the assets you own or have an interest in.

Response:

	True
	False

Score 1 of 1

Question:

In calculating the tax liability of an asset, is subtracted from .

Response:

	original cost
	fair market value

Score 1 of 1

Question:

The simplest way to implement an estate plan is with a trust.

Response:

	True
	False