We Want to Understand Why People Behave as They Do

question 43

Essay

We want to understand why people behave as they do.One method we use is to draw inferences about their reasons.Attribution is the set of thought processes we use to assign causes to our own behavior and that of others.Define internal attribution and external attribution.Describe the three types of information that Harold Kelley proposed we rely on when deciding whether to make an internal or external attribution for behavior.

Identify and differentiate between types of trusts and legacies (demonstrative, specific, general, and residual).

Comprehend the process of abatement and its effect on estate distributions.

Understand the role and responsibilities of an executor in estate management.

Recognize the impact of state laws on the interpretation and execution of will provisions.

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Definitions:

Attentive

Paying close attention; alert or closely observant.

Present

pertains to the current moment or period in time, often contrasted with the past or future.

Soundness

The quality of being based on valid reason or good judgment; in finance, it refers to the stability and reliability of an institution or investment.

Social Networks

Platforms and technologies that enable individuals to connect, interact, share, and engage with each other through digital communication.