Under What Circumstance Does an Estate Have an Executor

question 31

Multiple Choice

Under what circumstance does an estate have an executor?

• A) when there is no valid will.
• B) when the estate exceeds the dollar amount of the estate tax exemption.
• C) when the will establishes a trust fund.
• D) when the will is contested.
• E) when the will names a specific person to administer the estate.

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Definitions:

Symbolic Interactionism

A sociological perspective focusing on the roles that symbols and language play in the formation of self and society.

Cognitive Bias

A systematic pattern of deviation from norm or rationality in judgment, whereby inferences about other people and situations may be drawn in an illogical fashion.

Emotion

A rephrased definition: A complex psychological state involving subjective feelings, physiological responses, and behavioral expressions.

Symbolic Interaction

A theoretical perspective in sociology and social psychology that focuses on how individuals interact with one another based on the meanings they assign to symbols.