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

question 22

Multiple Choice

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

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

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Definitions:

Location Selection

The process of choosing an optimal place for business operations, considering factors such as cost, accessibility, and market demand.

Goods

Physical items that are produced, bought, or sold to satisfy wants or needs of consumers.

Services

Intangible products provided to consumers, such as healthcare, education, and financial advice, that do not result in ownership of any physical goods.