Connor Is Worried That His Health May Soon Deteriorate to the Point

question 178

Multiple Choice

Connor is worried that his health may soon deteriorate to the point where he will no longer be able to take care of his own finances. One way he could ease his mind would be to

• A) name an executor to his will.
• B) prepare a durable power of attorney.
• C) transfer title to all of his real estate and financial assets to a relative he trusts.
• D) invest all of his financial assets into a Keogh plan.

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Definitions:

Erosion

The transportation of sediment, soil, rocks, and other materials by the actions of wind, water, or ice, often leading to the reshaping of landforms.

Angle of Repose

The steepest angle at which a sloping surface formed of a particular loose material is stable.

Slope Failure

The sudden or gradual collapse of a slope that is too steep for its material to resist the pull of gravity.

Calcium Carbonate

Calcium carbonate is a chemical compound, CaCO3, found in rocks as the minerals calcite and aragonite and is the main component of shells of marine organisms, snails, and eggs.