QuestionAugust 15, 2025

All of the following are generic estate planning EXCEPT A) reducing taxes B) purchasing tax shelters C) creating liquidity D) avoiding probate costs

All of the following are generic estate planning EXCEPT A) reducing taxes B) purchasing tax shelters C) creating liquidity D) avoiding probate costs
All of the following are generic estate planning EXCEPT
A) reducing taxes
B) purchasing tax shelters
C) creating liquidity
D) avoiding probate costs

Solution
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Answer

B) purchasing tax shelters Explanation 1. Identify the generic estate planning options Estate planning typically involves strategies like reducing taxes, creating liquidity, and avoiding probate costs. 2. Determine the exception Purchasing tax shelters is not a typical estate planning strategy; it's more related to tax avoidance or investment strategies.

Explanation

1. Identify the generic estate planning options<br /> Estate planning typically involves strategies like reducing taxes, creating liquidity, and avoiding probate costs.<br />2. Determine the exception<br /> Purchasing tax shelters is not a typical estate planning strategy; it's more related to tax avoidance or investment strategies.
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