Examlex
The scientific approach to management is sometimes referred to as:
Sound Mind
A state of mental capacity in which an individual can effectively understand and manage their affairs.
Lucid Period
A temporary phase of clear-mindedness or rationality that interrupts a longer period of impaired mental state.
Will Substitutes
Non-probate methods for transferring assets upon death, such as trusts, joint tenancies, and payable-on-death accounts, designed to avoid the probate process.
Joint Tenancy
A form of co-ownership where two or more individuals hold equal shares in a property, with the right of survivorship.
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