An Administrator Is a Person Who Is Named in a Will

question 22

True/False

An administrator is a person who is named in a will to serve as the personal representative of the estate.

---

Definitions:

Allocating Equity

The process of distributing ownership shares in a company among its founders, investors, and employees.

Intellectual Property

Legal rights given to individuals or organizations over creations of the mind, such as inventions, literary and artistic works, designs, and symbols.

Venture Capitalist

An investor who provides capital to startup companies and small businesses with perceived long-term growth potential in exchange for equity, or an ownership stake.

Due Diligence

An investigation or audit of a potential investment or product to confirm all facts, such as reviewing all financial records plus anything else deemed material.