A RETIREMENT PLANNING MINI-CASE / TUTORIALOUTLET DOT COM A RETIREMENT PLANNING MINI-CASE / TUTORIALOUTLET D | Page 11

standard deduction.
b. Their annual level of discretionary cash flow will increase, which
can be used to fund other financial goals and
objectives.
c. They will have the satisfaction of knowing that they own their
home outright.
d. All of the above.
e. B and c only.
20. The Mayfields should consider which of the following estate
planning strategies to reduce the likelihood of
owing federal estate taxes in the future?
a. Maximizing use of the marital deduction.
b. Gifting strategies to reduce the value of Peter’s gross estate.
c. Using a credit equivalency or bypass trust arrangement.
d. A and b only.
e. B and c only.