How can changes in the provisions of a will be made legally? In what four ways can a will be revoked?
Answer to relevant QuestionsWhat types of financial planning concerns does a complete set of financial plans cover?Explain these terms:(a) Intestacy(b) Testator(c) Codicil(d) Letter of last instructions.Describe the basic trust arrangement, and discuss typical reasons for establishing trusts. What essential qualities should a trustee possess?Explain the general procedure used to calculate the federal estate tax due.1. Does Latafat really need a will? Explain why or why not. What would happen to his estate if he were to die without a will?2. Explain to Latafat the common features that need to be incorporated into a will.3. Might the ...
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