Silvia Peacock Has Been Appointed to Serve as the Executor

question 36

Essay

Silvia Peacock has been appointed to serve as the executor of the estate of Mr.Mickey Babay,who passed away at the age of 104 on April 5,2011.On April 5,2011,Mr.Babay's assets consisted of the following:

The probate court has ruled that any other personal effects may be excluded from Mr.Babay's estate inventory.
Required:
Prepare an inventory of estate assets on April 5,2011.

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Definitions:

Cognitive-Mediational Theory

A theory in psychology that proposes our emotions are determined by our appraisal of the stimulus, suggesting that thoughts mediate between stimuli and emotional responses.

Appraisal

The evaluation or estimation of the nature, quality, or importance of something or someone.

Extrinsic Motivation

The drive to perform an activity due to external rewards or pressures, rather than for the sake of enjoyment or intrinsic satisfaction.

Self-Actualization

Bringing to fruition one's inherent talents and possibilities, viewed as a basic hunger or impulse present in everyone.