Which Is Not True of Wills

question 49

Multiple Choice

Which is not true of wills?

• A)The ideal will may depend on the size of your estate.
• B)The ideal will may depend on the future appreciation of your estate.
• C)The ideal will may depend on inflation.
• D)Attorneys today believe that only the simple will is ideal.
• E)The ideal will may depend on your age and your spouse's age.

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company.

Return on Equity Ratio

A measure of financial performance calculated by dividing net income by shareholders' equity, indicating how well a company uses investments to generate earnings growth.

Quality of Income Ratio

A financial metric that evaluates the ability of a company to translate its earnings into cash, reflecting the quality and sustainability of its earnings.

Cash Ratio

A liquidity metric that measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.