Why Is End-Of-Life Planning Often Neglected? (Select All That Apply

question 3

Multiple Choice

Why is end-of-life planning often neglected? (Select all that apply.)

• A) There is a clear procedure to follow.
• B) People are uncomfortable talking about death.
• C) Young people do not see the need for end-of-life planning.
• D) End-of-life planning is a relatively new concept.
• E) Many persons are not really sure what they want to do.

---

Definitions:

Tax Deductible

Expenses that can be subtracted from gross income to reduce taxable income, effectively lowering the overall tax liability.

Ordinary Income

Income earned from basic sources such as wages, salaries, commissions, and interest, subject to standard tax rates.

Defined Contribution Plan

A type of retirement plan where the amount contributed is specified, but the future benefit amount is not guaranteed, depending on investment returns.

Risk-free Return

Risk-free return refers to the theoretical return on investment with zero risk, representing the return on the safest assets.