​Which judicial remedy can a beneficiary use to be compensated monetarily (either directly or through the trust) for a trustee’s breach of trust?

A delay clause is used to prevent an estate from being taxed twice in the event of simultaneous death.​

The gross estate is the taxable estate.

​Which CANNOT be subtracted from the gross estate to determine the taxable estate?

The surviving natural parent is automatically appointed the property guardian for the decedent’s minor or incompetent children.​

The durable power of attorney for health care document gives the designated agent the right to obtain and disclose the principal’s medical records.​

​If a husband gives his wife a gift of $500,000, neither party has to pay federal gift tax.

A single trust may have only one beneficiary.​

​Which is NOT an essential element of a trust?

Who has the highest priority for consideration as personal representative of a decedent’s estate?​