Choose the Word or Phrase in [ ] Which Will

question 32

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Your will [may | may not] contain a testamentary trust.

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Definitions:

Negligence

A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in unintended harm to another party.

State Registration Requirements

Regulations mandating individuals or entities to officially register with state authorities to conduct certain activities legally.

Accountant

A professional who can plan, direct, and evaluate a client’s financial affairs.

Probate Process

A legal process through which a deceased person's estate is properly distributed to heirs and designated beneficiaries, and any debt owed to creditors is paid off.