A Will Could Be Written to Distribute Assets in Terms

question 63

Multiple Choice

A will could be written to distribute assets in terms of the following, except

• A) percentages.
• B) a specific dollar amounts.
• C) percentages and a remainder portion.
• D) the discretion of the probate judge.

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Definitions:

Limited Liability Company

An organizational form blending a corporation's limited liability feature with the pass-through tax benefits of a partnership or sole proprietorship.

Manager Liability

The responsibility and potential legal accountability of managers for actions taken within the scope of their managerial roles.

Limited Liability Company

A corporate structure that integrates the limited liability characteristic of a corporation with the tax-pass-through trait of sole proprietorships or partnerships.

Aggregate

A total or sum made from individual parts.