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Jennifer, a CFP practitioner meets with new clients, Max and Alicia, for the first time. She reviews their overall financial and estate planning goals, and
Jennifer, a CFP practitioner meets with new clients, Max and Alicia, for the first time. She reviews their overall financial and estate planning goals, and their list of current assets. Max and Alicia have the following assets:
Maxs k $ Alicia is the beneficiary
Alicias b $ Max is the beneficiary
House owned as TbyE valued at $
Vacation home Max inherited with his sister Ava as JTWROS valued at $
Mutual fund account owned as TIC valued at $
Bond portfolio owned JTWROS valued at $
Max and Alicia have two children Doug and John. Doug is single and has no children. John was killed in a car accident last year, leaving two children, Tammy and Denise.
Max and Alicia ask Jennifer several questions about their estate planning.
Max wishes to leave his interest in the vacation home to his children. Jennifer tells him that he can do this by simply bequeathing his interest to his children, by will. Is this True or False?
Group of answer choices
True
False
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