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Higher potential for conflict and poor response time are disadvantages of:
Beneficiary
A person or entity entitled to receive benefits or assets under a legal instrument, such as a will, trust, or insurance policy.
Trust
A fiduciary relationship in which one party, known as a trustee, holds the right to manage property or assets for the benefit of another party, the beneficiary.
Testamentary Capacity
The legal and mental ability of a person to make or alter a valid will.
Oral Declaration
A statement or assertion made verbally rather than in writing, often legally significant if witnessed.
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