In Estate Planning,if You Are Married

question 12

Multiple Choice

In estate planning,if you are married:

• A)you do not need a will as your spouse is entitled to all of your assets.
• B)your estate planning becomes simpler once you have children.
• C)you should let your spouse do all of your estate planning.
• D)your situation is more complex than when you were still single.
• E)your planning consists solely of naming beneficiaries for your life insurancE.

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Definitions:

Ecologically Extinct

A state in which a species is present in such low numbers that it no longer plays a significant ecological role in its ecosystem.

Biologically Extinct

A status where a species no longer exists in the wild or in any viable, self-sustaining population numbers.

Endangered

A status indicating that a species is at risk of extinction across all or a significant portion of its range due to various threats such as habitat loss, pollution, or predation.

Endangered Species

Species at risk of extinction due to a rapid decrease in population or loss of habitat, often caused by human activities.