If No Heirs Are Found,the Property of a Decedent Is

question 33

True/False

If no heirs are found,the property of a decedent is transferred to a charitable organization.

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Definitions:

Average Daily Assets

The average value of assets held by a fund over a specific period, usually calculated daily.

Stock

Shares of ownership in a corporation, giving shareholders a claim on the company's assets and earnings.

S&P 500

An American stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ.

Diversified Portfolio

An investment strategy that involves spreading investments across various assets classes to reduce risk, enhance returns, and avoid significant impact from any single asset's performance.