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A Final Exam
2. Sorry, that is incorrect. The correct answer is "False."
There's a term for the process of organizing your financial affairs so that your money, property and other assets can go to your heirs with a minimum of costs, taxes and hassles. It's called "estate planning." For many of us, that probably means making and periodically updating a will. However, there are many different ways to help preserve assets for your heirs trusts (specific arrangements for setting money or property aside for the benefit of another person), bank accounts, investments and so on each with its own pros, cons and costs. See full story...
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