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A ________ Is a Will That Two or More Testators

question 7

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A ________ is a will that two or more testators execute in which they leave property to each other as long as the survivor agrees that when he or she dies, the remaining property will be distributed according to a plan created by all testators.


Definitions:

Legal Requirements

Regulations or obligations dictated by law that must be adhered to by individuals, organizations, or businesses.

Taxed

The imposition of compulsory levies on individuals or entities by governments in order to finance government activities.

Common Form

A widespread or standard format or structure that is frequently used for certain documents or procedures.

Business Ownership

The legal possession or control of a business, entitling the owner to its assets, liabilities, and operational decisions.

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