To Bypass a Bothersome,costly Procedure That Exposes Assets to Public

question 7

Multiple Choice

To bypass a bothersome,costly procedure that exposes assets to public scrutiny after the individual's death one should:

• A)Prepare a will.
• B)Identify a trustee.
• C)Identify an executor.
• D)Avoid placing assets in a trust.
• E)None of the above.

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Definitions:

Tangible Assets

Physical and material assets owned by a business, such as machinery, buildings, and land, that have a quantifiable market value.

Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization.

Goodwill

An intangible asset that represents the value of a company's brand name, customer base, customer relations, employee relations, and any patents or proprietary technology.

SWOT Analysis

A strategic planning tool used to identify and understand the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.