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A Policy Is

question 14

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A policy is


Definitions:

Executor

An individual or institution appointed to execute the terms of a will, managing the estate of the deceased according to the will's instructions.

Probate Court

A segment of the judiciary system that deals with matters such as the validation of wills, distribution of a deceased person's assets, and guardianships.

Beneficiaries

Individuals or entities entitled to receive benefits or assets from a trust, will, or insurance policy.

Principal of an Estate

The total assets of an estate before debts and liabilities are subtracted.

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