Examlex
Use the following two columns of items to answer the matching questions below:
-will
A)persons specified in a will to receive part of an estate
B)dying without a will
C)a document that specifies changes in an existing will
D)the legal process that declares a will valid and ensures orderly distribution of assets
E)a legal request for how your estate should be distributed upon your death
F)a will suitable for a smaller estate distributed to the spouse
G)the person designated in a will to execute instructions regarding the distribution of your assets
Managing Partner
An individual tasked with overseeing the operations of a partnership or firm, often having the authority to make managerial decisions.
Profit Statements
Financial statements that summarize the revenues, costs, and expenses incurred during a specific period of time, showing the company's net earnings or losses.
Executor
An individual or institution appointed by a will to administer the estate of the deceased.
Right of Survivorship
A legal principle that allows ownership of property to automatically pass to surviving owners upon the death of another owner, without the need for probate.
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