As Part of an Estate Plan, a Will Allows the Testator

question 22

Multiple Choice

As part of an estate plan, a will allows the testator to:

• A)Protect a spendthrift child
• B)Preserve privacy
• C)Appoint both personal and property guardians for minor children
• D)Provide a lifetime income for the surviving spouse

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Definitions:

Degrees of Freedom

The number of independent pieces of information upon which a statistical estimate is based, minus the number of parameters estimated.

Test Statistic

A value calculated from sample data that is used in a hypothesis test to determine whether to reject the null hypothesis.

Slope

The rate of change of the dependent variable with respect to an independent variable in a linear relationship.

Standard Error of Estimate

A measure of the accuracy of predictions made with a regression line, indicating the typical distance that the observed values fall from the regression line.