Aaron Owns a Certificate of Deposit with Beth,his Sister,and an Apart?ment

question 16

Essay

Aaron owns a certificate of deposit with Beth,his sister,and an apart?ment building with Carl,his brother,in both cases as a joint tenant.Aaron,a partner with Debra in Aaron & Debra Accountants,obtains a life insurance policy with Debra as the designated beneficiary.Aaron writes a will that gives particular items of personal property,as well as specific amounts of cash,to his children and his friends.The will leaves the residue of the estate to Eve,Aaron's favorite cousin.Carl dies.Aaron,on his own deathbed,makes a gift to the United Way.Will the certificate of deposit,the apartment building,the proceeds from the life insurance policy,and the gift to the United Way become part of Aaron's estate and be distributed under the will? If not,how will these items be distributed and to whom?

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Definitions:

Pricing Constraints

Factors that limit the range of prices a firm may set.

Corporate Goals

The strategic objectives that a company aims to achieve, which guide its business operations and decision-making processes.

Product Obsolescence

Occurs when a product becomes outdated or no longer useful due to technological advancements, changes in consumer preferences, or market conditions.

Social Responsibility

The concept that businesses should not only focus on maximizing profits but also consider their impact on society and the environment.