What Is the First Priority in Drafting a Will Under

question 15

Multiple Choice

What is the first priority in drafting a will under an attorney's supervision?

• A)Understanding the client's objectives
• B)Reviewing the selected draft with the client
• C)Gathering data from the client
• D)Analyzing the information

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Definitions:

Market Return

The total return of a market index based on the collective performance of its constituents, typically over a specified time frame.

Portfolio Expected Return

Portfolio Expected Return is the weighted average of the expected returns on the assets included in a portfolio.

Portfolio Beta

A measure of the volatility, or systematic risk, of a portfolio in comparison to the market as a whole.

Index Model

A statistical model to represent the returns of a security or a portfolio as a function of the returns of the market as a whole, along with random error.