A Successful Financial Plan Includes

question 126

Multiple Choice

A successful financial plan includes

• A)specified values that underlie the plan.
• B)explicitly stated financial goals.
• C)logical and consistent financial strategies.
• D)all of these.

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Definitions:

Witnesses

Individuals who have directly seen an event, such as a crime or a transaction, and can provide a first-hand account of it.

Statute of Frauds

A legal principle requiring certain contracts to be in writing and signed by all parties involved to be enforceable, typically including contracts for the sale of land, long-term contracts, and contracts for goods over a certain value.

Consumer Debts

Debts incurred by an individual primarily for personal, family, or household purposes, not for business or investment.

Codicil

is a supplement or addition to a will, either to modify, explain, or sometimes revoke provisions in an existing will.