A Will,while Nice to Have,isn't Chaptericularly Important in Estate Planning

question 72

True/False

A will,while nice to have,isn't Chaptericularly important in estate planning because each province has laws to determine the distribution of assets when a will was not created.

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Definitions:

Clearing Corporation

An entity that facilitates the settlement of transactions in the financial markets by ensuring the transfer of funds and securities.

Net Position

The difference between the total number of long and short positions that a trader or institution holds in a particular security, currency, or commodity.

Open Interest

The total number of outstanding derivative contracts, such as futures or options, that have not been settled.

Spread Position

In trading, holding a combination of options positions that offset each other, to capitalize on movements in market prices or volatility.