Question
Although he has a vast fortune, Tricky has decided not to prepare an estate plan because he believes that his surviving family members will divide
Although he has a vast fortune, Tricky has decided not to prepare an estate plan because he believes that his surviving family members will divide up his assets appropriately. Which of the following is not a risk associated with failing to plan an estate? a. Trickys estate could incur excessive transfer taxes. b. Trickys favorite car may not be transferred to his ex-wife, Carla. c. Trickys insurance policy on his own life may not be paid out to the named beneficiary. d. Trickys current wife, Dixie, may not provide for his children from a previous marriage.
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