Who Is the Person Named in a Will Who Pay

question 45

Multiple Choice

Who is the person named in a will who pay all debts and taxes and distributes the property in accordance with the will?

• A) Administrator
• B) Settlor
• C) Executor
• D) Beneficiary

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Definitions:

Conditional Probability

The probability of an event occurring given the occurrence of another event, often represented as P(A|B).

Independent Events

Two or more events where the occurrence of one does not affect the probability of the other(s).

Event Will Not Occur

The probability that a specific event does not happen, which can be calculated by subtracting the event’s probability of occurring from 1.

Conditional Probability

The likelihood of one event happening after another event has already taken place.