The HCR-20 Is an Actuarial Method of Assessing Risk

question 36

True/False

The HCR-20 is an actuarial method of assessing risk.

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Definitions:

Grantor

An individual or entity that creates a trust, transferring ownership of assets to the trust.

Beneficiary

A person or entity entitled to receive benefits or assets under a legal instrument, such as a will, trust, or insurance policy.

Trust

A fiduciary relationship in which one party, known as a trustee, holds the right to manage property or assets for the benefit of another party, the beneficiary.

Testamentary Capacity

The legal and mental ability of a person to make or alter a valid will.