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From “ Supreme Court Ruling Could Hike Taxes When Business Is Passed ,” page 12 1 . A 2024 Supreme Court ruling said that ____ used to fund shares redeemed from deceased shareholders ’ families must be included in a company ’ s fair market value . A . Life insurance
C . Golden parachutes
B . Buy-sell agreements
D . None of the above
2 . ____ is / are often a mechanism for the company or surviving owners of a business to fund their obligations under buy-sell agreements . A . Annuities
C . Leveraged buyouts
B . Mutual funds
D . Life insurance From “ 12 Questions For Philanthropists ,” page 25 3 . What ’ s a risk of building and managing your own charitable foundation ? A . Its bureaucracy can diverge — and even conflict — with its founding mission . B . It ’ s better to delegate charitable tasks to others . C . It ’ s difficult to find employees . D . None of the above
4 . What do you get from “ stealth philanthropy ”? A . You inspire others . B . You won ’ t have to deal with careerist employees who must justify their jobs . C . You have the freedom for trial and error without the pressure of public scrutiny . D . None of the above
From “ Using Investors ’ Quirks To Find Value ,” page 45
5 . The Huber Select Large Cap Value Fund typically has ___ stock holdings . A . 20 to 30 B . 40 to 50 C . 75 to 100 D . 100 to 150
6 . Joe Huber found in a study no statistical difference over ___ years in returns from high return-on-capital companies and those with low returns on capital . A . 5 B . 10 C . 16 D . 20
From “ When Roth Conversions Make No Sense ,” page 48
7 . Clients 70½ or older can take money out of IRAs with qualified charitable distributions of up to ____ per year . A . $ 50,000 C . $ 105,000 B . $ 75,000 D . $ 150,000
8 . The lower tax brackets of the Tax Cuts and Jobs act expire at the end of ___ unless they are renewed . A . 2025 C . 2027 B . 2026 D . They don ’ t expire
From “ The Challenge To Insure Lavish Homes ,” page 52
9 . ____ of the wealthy faced challenges getting enough property insurance in the last year , said HUB International . A . 29 % B . 39 % C . 59 % D . 69 %
10 . How are rising insurance costs affecting homeowners ’ behavior ? A . They are self-insuring more . B . They are avoiding moves to disaster-prone states . C . They ’ re raising their deductibles . D . All of the above .
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Financial Advisor ( ISSN 1545-0163 , USPS 021-488 ) is published monthly by Charter Financial Publishing Network Inc ., 149 Avenue at the Common , Shrewsbury , NJ 07702 . Periodicals postage paid at Red Bank , NJ and additional mailing offices . Subscription Rates : $ 79 per year . Postmaster : Send all address changes to Charter Financial Publishing Network Inc ., P . O . Box 7550 , Shrewsbury , NJ 07702 . Copyright 2025 by Charter Financial Publishing Network Inc . Reproduction , photocopying or incorporation into any information-retrieval system for external or internal use is prohibited unless permission is obtained beforehand from the publisher in each case for a specific article . The subscription fee entitles the subscriber to one original copy only . Unauthorized copying is considered theft . January / February 2025 Financial Advisor ( Volume 26 , Number 1 )
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