It Is Unnecessary to Modify Your Will When You Divorce

question 20

True/False

It is unnecessary to modify your will when you divorce or remarry.

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Definitions:

Certify

The act of officially recognizing someone or something as having met a particular standard or criteria.

Federal Reserve

The central banking system of the United States, responsible for implementing monetary policy, supervising banks, and providing financial services.

Bill of Exchange

A written, unconditional order by one party (the drawer) to another (the drawee) to pay a certain sum, either immediately (a sight bill) or on a fixed date (a term bill), to a third party (the payee) or to bearer.

Draft

A draft refers to the compulsory enrollment of individuals into military service, or can refer to the preliminary version of a document or plan.