The Executor Named in a Will Identifies Assets,collects Any Money

question 173

True/False

The executor named in a will identifies assets,collects any money due,pays off debts,liquidates assets,files final income tax and estate tax returns,and with the court's permission distributes the balance of any remaining money and property to the beneficiaries.

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Definitions:

Close-Ended

Pertaining to questions or options that limit responses to a set of choices, offering no opportunity for open-ended answers.

Sales Call Planning

The process of organizing and preparing objectives, strategies, and key points to discuss during a sales call to maximize the likelihood of a successful outcome.

Customer Profile

A detailed description of a business's typical customer, including demographic, psychographic, and behavioral traits.

Marketing Audit

A marketing audit is a comprehensive, systematic analysis of a business's marketing environment, objectives, strategies, and activities with the goal of identifying opportunities and areas of improvement.