Question: Although he has amassed a vast fortune, Redd has decided not to prepare an estate plan because he believes that his surviving family members will

Although he has amassed a vast fortune, Redd has decided not to prepare an estate
plan because he believes that his surviving family members will divide up his assets
appropriately. Which of the following is not a risk associated with failing to plan an
estate?
His estate will incur excessive transfer taxes.
His current wife, Gina, will not provide for his children from a previous marriage.
His insurance policy on his own life will not be paid out to the named
beneficiary.
His favorite Porsche will not be transferred to his ex-wife, Esther.
Although he has amassed a vast fortune, Redd has decided not

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