Who Is NOT Involved in the Preparation of Wills and Trusts

question 26

Multiple Choice

Who is NOT involved in the preparation of wills and trusts and the administration of a decedent's estate?

• A)Beneficiary
• B)Personal representative of the estate
• C)Paralegal
• D)Probate court

---

Definitions:

Business Cycle

The economic fluctuations experienced over time, characterized by periods of expansion (growth) and contraction (recession) in economic activity.

Legislative Action

The process by which a legislative body takes official steps to introduce, amend, pass, or reject laws and regulations.

Crowding-Out Effect

The phenomenon where increased government spending leads to a reduction in private sector spending, often due to higher interest rates.

Government Spending

Refers to the total expenditure incurred by the government on various goods, services, and projects to fulfill its economic and social objectives.