"Survival Risk" is the uncertainty due to
| a. |
the firm whose stock or bonds you hold suffering an adverse event which affects its operating expenses. |
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| b. |
the individual outliving their wealth in their retirement years. |
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| c. |
death and assets being transferred without a will. |
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| d. |
changes in asset prices. |
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| e. |
your favorite person being thrown off the island. |
Which of the following does not lead to invalidating the terms of an existing will?
| a. |
a legal codicil made by the person that expressly puts forth changes. |
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| b. |
the person not having witnesses when signing his/her will. |
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| c. |
definitive evidence that the person was not of sound mind when making his/her will. |
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| d. |
a divorce recognized by law. |
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| e. |
construction of a new will that supersedes the previous will. |
1. Survival risk is uncertainty due to death and assets being transferred without a will. Hence the correct answer is (c).
2. A divorce recognized by law does not invalidate the terms of existing will. Hence the correct solution is (d)
"Survival Risk" is the uncertainty due to a. the firm whose stock or bonds you hold...
2. Which of the following does not lead to invalidating the terms of an existing will? a) a legal codicil made by the person that expressly puts forth changes b) the person not having witnesses when signing his/her will. c) definitive evidence that the person was not of sound mind when making his/her will. d) a divorce recognized by law. e) construction of a new will that supersedes the previous will.
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