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Financial Planner

Category - Estate Planning

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Which of the following is NOT a source of estate liquidity?

Life insurance proceeds
Marketable securities
The decedent’s accounts payable
Other trusts

Explanation

Answer: C - The decedent’s accounts receivable, not payable, may be a source of estate liquidity, along with liquid assets, marketable securities, life insurance proceeds, and trusts outside of the estate that could potentially purchase assets from the estate.

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