If John Is Going to Have His First Child,which of the Following

question 30

Multiple Choice

If John is going to have his first child,which of the following should he do for his estate planning?

• A)Add a codicil to his will
• B)Review his will
• C)Update his will
• D)Review his power of attorney

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Definitions:

Shares Outstanding

The total number of shares of a company held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

Preferred Stockholders

Investors who own preferred shares in a company, which often grant dividends before common stockholders and have priority in asset liquidation.

Voting Rights

The rights of shareholders to vote on corporate matters, such as the election of the board of directors.

Dividend Payments

Cash payments made by a company to its shareholders, often as a distribution of profits.