Open Orders,if Not Cancelled or Renewed,remain in Effect For

question 3

Multiple Choice

Open orders,if not cancelled or renewed,remain in effect for:

• A)one week.
• B)one month.
• C)six months
• D)twelve months.

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Definitions:

Intestate

The state of dying without a will.

Surviving Spouse

A surviving spouse is the husband or wife left alive after the other has passed away.

Express Trusts

A type of trust explicitly created by a settlor, typically in writing, specifying the trust's terms, beneficiaries, and the trustee's duties.

Trust Instruments

Legal documents establishing a trust, specifying its terms, and the responsibilities of the trustees.