The Best Definition of Estate Planning Is

question 108

Multiple Choice

The best definition of estate planning is

• A) Assets less liabilities.
• B) A definite plan for managing property during one's lifetime and at one's death.
• C) Naming a beneficiary.
• D) Savings.
• E) A will.

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Definitions:

License Fee

A charge paid for obtaining legal permission to carry out a particular activity or to use a particular piece of intellectual property.

Marginal Social Benefit

The additional benefit to society as a whole from the production or consumption of one more unit of a good or service.

Security Guard

A person employed to protect property, assets, or individuals, often through surveillance, patrolling, and enforcing safety protocols.

Public Safety

The protection of citizens from significant danger, injury, damage, or harm, provided by governmental organizations and agencies.