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Exam (elaborations)

Fin 235 Final Exam

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Exam of 12 pages for the course FIN 235 at FIN 235 (FIN 235 FINAL EXAM)

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What are the three-key benefits to a 401k


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1. Tax-deferred
2. Compounding
3. Employer matching. (Most common is $1 for $1)

, What are the types of trusts?


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1. Living trust
2. Support trust
3. Bypass trust
4. Q-tip trust
5. Life insurance trust




What is probate?


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It is the entire process of settling an estate




What is a life insurance trust?


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You can put life insurance proceeds into this trust.




What are three statutory requirements of a valid will?


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1. In writing
2. It has to be signed by the testator

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