When Someone Dies,a[n] Chosen by the Testator Collects the Testator's

question 19

Multiple Choice

When someone dies,a[n] chosen by the testator collects the testator's property,pays debts and taxes,and makes sure the remainder of the will is distributed.

• A)Personal devisee
• B)Personal representative
• C)Trustee
• D)Inheritance regulator
• E)Inheritance devisor

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business.

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of a company.

Current Assets

Assets on a balance sheet that are expected to be converted into cash, sold, or consumed within a year.

Current Liabilities

Financial obligations a company must pay within a year, such as loans, accounts payable, and other debts.