Federal and state estate taxes are best described as

Federal and state estate taxes are best described as
 
  a. taxes on property left at death
  b. taxes on beneficiaries
  c. taxes on the transfer of property from a decedent to his or her beneficiaries
  d. taxes on gifts
  e. taxes on a person who dies

Question 2

An arrangement through which one transfers property to a third party with instructions for its distribution after death while retaining control over the property during his or her life is called a
 
  a. will
  b. gift
  c. trust
  d. joint tenancy with right of survivorship
  e. codicil

Question 3

The phrase holographic will is used to describe
 
  a. the situation of a person who has died without a valid will
  b. a codicil to a will
  c. the circumstances of someone who has died intestate
  d. a document that is handwritten and unwitnessed
  e. an ethical will

Question 4

If an unmarried individual dies without a will or any qualified heir, his or her estate passes to
 
  a. the city in which the person lived at the time of death
  b. the state in which the person lived at the time of death
  c. the federal government
  d. the church or religious body with which he or she was affiliated
  e. the Internal Revenue Service

Question 5

The process of administering and executing the disposition of a dead person's estate is done through
 
  a. a death certificate
  b. a living will
  c. probate court
  d. durable power of attorney
  e. a lawyer

Question 6

The more than 24 percent increase in the number of nonliving donors from 2003 to 2006 appears to have resulted primarily from
 
  a. the Uniform Determination of Death Act (UDDA)
  b. the Uniform Anatomical Gift Act (UAGA)
  c. the National Organ Transplant Act (NOTA)
  d. the work of the National Donor Family Council (NDFC)
  e. the Organ Donor Breakthrough Collaborative