Financial Planner

Category - Estate Planning

What is the percentage of first marriages that end in divorce?
  1. 10%
  2. 25%
  3. 50%
  4. 60%
Explanation
Answer: C - About half of first marriages end in divorce. If the marriage ends with joint assets and liabilities and/or children, divorce can have a financial and legal impact that requires consideration of gift and estate tax laws.
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