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ESTATE PLANNING, 11TH ED. CHAPTER1ENDOFCHAPTERMULTIPLECHOICESOLUTIONS1.The correct answer is d.All of the items listed are included in the definition of estate planning. Estate planning is the process of accu-mulation, management, conservation, and transfer of wealth considering legal, tax, and personal objectives.2.The correct answer is d.All of the people listed need a will, a plan for incapacity, and a plan for dependents and/or to care for animals.3.The correct answer is b.A CPA is generally involved as a member of the estate planning team because the process requires the identifi-cation of assets, the calculation of the related adjusted basis, and other tax issues.