Which One of the Following Statements Is Correct Regarding Wills

question 48

Multiple Choice

Which one of the following statements is correct regarding wills?

• A)Only married people need a will.
• B)Only married people with dependents need a will.
• C)Only the rich with considerable estates need a will.
• D)Every adult should have a will.
• E)Only senior citizens need a will.

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Definitions:

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Risk-Taking

The willingness to engage in behaviors or decisions that entail potential losses or failure in pursuit of potential gains.

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The transmission of information using electronic media such as email, text messaging, and social networking sites.

Risk-Seeking

A tendency to pursue opportunities with potentially high rewards despite the associated high risks.