When There Are Not Enough Assets in the Estate to Satisfy

question 66

Multiple Choice

When there are not enough assets in the estate to satisfy all legacies in the will, the distribution schedule goes through a process of:

• A) Ademption.
• B) Amendment.
• C) Abatement.
• D) Accretion.
• E) Aggregation.

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Definitions:

Delusions

Strongly held false beliefs or opinions not susceptible to reason or confrontation with actual fact.

Specific Phobias

Intense, irrational fears of certain objects or situations that substantially interfere with an individual's daily life.

Panic Attack

A panic attack is a sudden onset of intense fear or discomfort, often marked by symptoms like rapid heartbeat, sweating, shaking, and feelings of disaster or death.

Heart Attack

A medical condition resulting from the blockage of blood flow to the heart muscle, causing tissue damage or death.