Estate Planning Has Two Parts

question 92

Multiple Choice

Estate planning has two parts.The first part consists of:

• A)building your estate through savings,investments,and insurance.
• B)transferring your estate,while you are alive,in the manner you have specified.
• C)deciding who is going to get what.
• D)evaluating your assets and liabilities.
• E)planning for the period right after you die.

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Definitions:

Wealth

An abundance of valuable financial assets, resources, or property owned by an individual, corporation, or country.

Act Utilitarianism

A theory of ethics which requires that individuals examine all the potential actions in each situation and choose the action that yields the greatest amount of pleasure over pain for all involved.

Ethical Theory

A system of principles designed to guide decision-making by determining what is morally right and wrong.

Deception

The act of misleading or tricking someone, often involving misrepresentation or withholding of the truth.