Practice Quiz

Financial Planner

Category - Estate Planning

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Which of the following is true regarding planning for estate liquidity?
  1. You should calculate the liquidity needs over the course of one year at a time
  2. The IRS allows for estate tax payment deferral elections, which you can use to improve liquidity
  3. The decedent’s final expenses should be paid before forming an estate
  4. The best estate liquidity strategies are uncompromising
Explanation
Answer: B - Along with various methods of estate liquidity, you can also improve liquidity using the IRS estate tax deferral elections that are available to some estates.
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