Which Is NOT an Aspect of the Personal Representative's Duties

question 3

Multiple Choice

Which is NOT an aspect of the personal representative's duties to protect,collect,and preserve assets?

• A)Locating and notifying witnesses of the testator's death
• B)Taking possession of all personal property not set aside for the spouse and/or minor children
• C)Finding and reviewing all documents,records,and papers concerning the decedent's financial affairs
• D)Determining whether the decedent gave any gifts that would require a gift tax return

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Definitions:

Outsourcing Vendor

A third-party company or individual that provides goods or services to another entity under contract, often to cut costs or focus on core business activities.

Negotiating

The process of discussing and reaching a mutual agreement between parties with differing needs or perspectives.

Termination Clause

A provision within a contract that specifies the conditions under which the contract may be ended by either party.

Current Service Levels

The existing extent and quality of services provided by an organization or team, prior to any improvements or changes.