Evaluate

question 67

Multiple Choice

Evaluate

• A) $172,405.00
• B) $82,207.63
• C) $83,050.31
• D) $41,525.16
• E) $86,202.50

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Definitions:

Executor

An individual or institution appointed to execute the terms of a will, managing the estate of the deceased according to the will's instructions.

Probate Court

A segment of the judiciary system that deals with matters such as the validation of wills, distribution of a deceased person's assets, and guardianships.

Beneficiaries

Individuals or entities entitled to receive benefits or assets from a trust, will, or insurance policy.

Principal of an Estate

The total assets of an estate before debts and liabilities are subtracted.