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Which of the following Estate Planning documents avoids Probate? Simple Will. Traditional Marital Share Will. Ethical Will. R

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Answer #1

Ques- 1

Ans- Option D. Revocable Living Trust.

Revocable Living trust is used solely for estate planning to avoid probate

Ques- 2

Ans- OPTION C. Non taxable if used for education purposes

529 Plan is a nontaxable investment plan for Future higher education purposes. It can be used solely for the purposes of education else it will taxed with penalty.

Ques-3

Ans- Option C. Funeral Costs

Estate Shrinkage happens due to death related expenses which are funeral cost, estate taxes,or estate outstanding debt.

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