Examlex
As of 2015,which of the following was the largest stock exchange in terms of total value traded?
Beneficiary
An individual or entity that receives benefits or is designated to receive benefits, such as from a will, trust, insurance policy, or other contract.
Estate Planning
The process of making advance arrangements for the disposal of an individual's estate, often to minimize taxes and legal complications.
Intestate
The condition of having died without a valid will, leading to the distribution of the deceased's estate according to state laws.
Probate
A rephrased definition: The court-supervised process of authenticating a deceased person’s will, settling their debts, and distributing their estate to the rightful heirs.
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