A Joint Goal Is One in Which

question 78

Multiple Choice

A joint goal is one in which

• A) all parties share the result equally.
• B) the parties work toward a common end but benefit differently.
• C) individuals with different personal goals agree to combine them in a collective effort.
• D) all parties work together to achieve some output that will be shared.
• E) All of the answers are correct

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Definitions:

Will

A legal document by which a person expresses their wishes as to how their property is to be distributed at death, and names one or more persons to manage the estate.

Trust

A fiduciary relationship in which one party holds property or assets for the benefit of another based on an agreement.

Codicil

An addition or amendment made to a will, which may add to, modify, or revoke portions of the document.

Trusts

Are fiduciary relationships in which one party, known as a trustee, holds property for the benefit of another party, the beneficiary.