Once Executed, a Will Can Be Revoked Only by Changing

question 10

True/False

Once executed, a will can be revoked only by changing it or writing an entirely new will.

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Definitions:

Liabilities

Financial obligations or debts that an entity owes to external parties.

Equity

The value of an owner's interest in a property or a company, after all debts and other obligations have been accounted for.

Accounting

The systematic process of recording, reporting, and analyzing financial transactions of a business.

Information Age

A period in human history characterized by the shift from traditional industry to an economy based on information technology.