questions:

11. A traditional IRA is tax deductible the year it is contributed.

12. Tax exempt and tax deferred mean the same thing.

13. Every homeowner must have homeowners insurance.

14. A family member could be an Executor of a Trust.

15. Trusts are prepared for tax purposes only.

16. Trusts are only revocable.

Short answer/fill in (10 points each)

Identify 2 major sections to include in a Trust:

17.

18.