Examlex
Why should a decision maker engage in sensitivity analysis?
Valid
Legally acceptable and recognized, having force or binding effect; applicable to contracts, agreements, or official documents.
Probate
The legal process through which a deceased person's will is validated, and their estate is distributed to heirs and designated beneficiaries.
Enforceable Trust
A trust arrangement that meets all legal requirements and therefore can be executed as per its terms.
Legal Capacity
The ability of an individual or entity to enter into binding contracts, sue, and be sued, recognized by law.
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