Which Function CANNOT Be Performed by a Pour-Over Will

question 28

Multiple Choice

Which function CANNOT be performed by a pour-over will?

• A)It can allow the testator to name a personal guardian for minor children.
• B)It can dispose of property that the testator neglected to add to the trust before death.
• C)It can dispose of property acquired by the testator through gifts, inheritance, or good fortune shortly before death.
• D)It can be used independently as a substitute for a will.

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Definitions:

Utility Maximizing

The process by which individuals allocate their resources to achieve the highest level of satisfaction possible.

Bundle

A collection of goods or services sold together as a single package, often at a discounted rate compared to purchasing the items separately.

Marginal Utility

The boost in satisfaction or usefulness experienced from consuming another unit of a product or service.

Utility Maximizing

The principle that individuals or firms seek to achieve the highest level of satisfaction or benefit from their choices with the resources available.