Which of the Following Is a Reason to Change a Will

question 18

Multiple Choice

Which of the following is a reason to change a will?

• A) the testator changes his or her mind
• B) circumstances change
• C) assets are acquired
• D) heirs are born and die
• E) all of the above

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Definitions:

Instrument

A legal document formalizing an agreement or right, such as contracts, wills, or deeds.

Conditional Order

Refers to an order in a legal or financial context that will only be executed if certain conditions are met.

Negotiable Instrument

A financial document, such as a check or promissory note, that contains a promise to pay a specific amount of money to the bearer or assignee, which can be transferred by endorsement or delivery.

Promissory Note

A financial instrument containing a written promise by one party to pay a certain sum of money to another party under specified conditions.