Because of Inertia Forces, ________ Is Often No Change

question 70

Multiple Choice

Because of inertia forces, ________ is often no change.

• A) big bang change
• B) cultural change
• C) shock therapy change
• D) incremental change

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Definitions:

Executor

An individual appointed in a will to manage the estate of the deceased, ensuring that all debts are paid and assets are distributed according to the will.

Escheat

A legal process where unclaimed or forfeited property reverts to the state if there are no claimants or heirs.

Probate

The legal process of administering the estate of a deceased person, resolving all claims, and distributing the deceased person's property under a will.

Testamentary Trust

A trust that is created according to the instructions in a person’s will to manage assets for beneficiaries after the person's death.