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

---

Definitions:

Partnership

A business structure where two or more individuals share ownership, as well as the profits and liabilities of the business.

Alternate Payees

Individuals or entities designated to receive payments on behalf of the original payee, often seen in legal settlements or divorce decrees involving support payments.

Pay To The Order

A directive on a financial instrument instructing the payment to the individual or entity whose name follows.

Notice

A formal communication or announcement given to a party, usually in writing, about an action or condition.