Instructions: the Paragraphs of the Following Essay Have Been Scrambled

question 958

Multiple Choice

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Definitions:

Executor's Fees

Compensation paid to the executor of an estate for their services in managing and distributing the estate's assets.

Court Costs

Expenses associated with legal proceedings, including filing fees, charges for serving documents, and other legal expenses.

Principal

The original sum of money borrowed in a loan or the initial amount invested, excluding any interest or dividends.

Testamentary Trust

A legal arrangement created as per the instructions in a will, allowing assets to be managed and distributed to beneficiaries after the grantor's death.