🎴 Flashcard Mode
Estate Planning and Bankruptcy
Card1 / 15
Mastered0
Review0
QuestionClick to flip
What is the primary purpose of estate planning?
AnswerClick to flip back
A
To ensure that assets are distributed according to the wishes of the deceased
💡 Explanation:
Estate planning is the process of arranging for the transfer of assets after death in a manner that minimizes taxes and ensures that the assets are distributed according to the wishes of the deceased.