A Will Can Be Automatically Revoked by a Change in Family

question 71

True/False

A will can be automatically revoked by a change in family status.

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Definitions:

Net Income

The profit a company reports after all operational expenses and tax obligations are subtracted from its revenue.

Cash Flow

The total interchange of cash and assets comparable to cash, circulating in and out of a commercial venture.

Creditors

Individuals or institutions that lend money or extend credit to others, expecting repayment.

Long-Term Debt

Borrowings and financial obligations lasting more than one year, used to finance a company’s operations or other long-term investments.