If You Die Intestate

question 64

Multiple Choice

If you die intestate,

• A)there will be a state-mandated distribution of your assets.
• B)your estate will be distributed according to the terms of your will.
• C)your estate will be distributed entirely to your children with your wife receiving nothing.
• D)your estate will be distributed entirely to your wife with your children receiving nothing.

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Definitions:

Philanthropic

Relating to the act of giving money, goods, time, or effort to support a charitable cause, often with no financial benefit to the giver.

Financial Donation

A gift or contribution of money made to a charitable organization or cause.

Earned Income

Income generated from business activities or services provided, distinguishing it from investment or donated income.

Earned-Income Strategies

Approaches used by non-profits or social enterprises to generate revenue through business activities rather than donations or grants.