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Which of the following statements is incorrect? The doctrine of precedent:
Estate
All the money, property, and assets owned by an individual at the time of their death.
Escheats
The legal process by which unclaimed property reverts to the state if the rightful owner cannot be found over a period of time.
Mentally Competent
A condition or status indicating that an individual possesses the cognitive ability to make informed decisions or understand the significance of actions.
Life-Threatening Illness
A disease or condition that poses a serious risk to an individual's life if not treated promptly.
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