Which Is NOT a Reason That Many People Die Without

question 20

Multiple Choice

Which is NOT a reason that many people die without a valid will?

• A)Procrastination
• B)Assumed expense
• C)Reluctance to discuss property and finances with strangers
• D)Request of the beneficiary

---

Definitions:

Ceases Operations

The process when a business stops its principal business activities and ends its operations.

Shareholders

Individuals or entities that own one or more shares of stock in a public or private corporation, holding an ownership stake.

Residual Claim

The right of shareholders to claim assets remaining after all debts have been paid in the event of a company's liquidation.

Debts And Obligations

Amounts of money or services owed to others that represent claims against a company or individual's assets.