When an Elderly Person Is Senile And/or Physically Unable to Handle

question 44

Multiple Choice

When an elderly person is senile and/or physically unable to handle his/her own finances and other affairs, a close relative, such as a son or daughter, may petition a court to​

• A)create an inter-vivos trust with the elderly person as beneficiary.
• B)declare a conservatorship with the elderly person as conservatee.
• C)declare the elderly person legally insane, and then creates a living will
• D)make an assignment of all assets to the closest relatives in exchange for their agreement to care for the elderly person until death.

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Definitions:

Hard Scenarios

Difficult or challenging situations that require careful planning and decision-making to navigate.

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Plausible stories about how the future might unfold, often used in strategic planning to explore different potential outcomes.

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The use of historical data to predict future events or trends, often through the analysis of patterns over time in areas such as sales, stock prices, or weather.

Office Manager

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