Your best friend has asked you to be executor of his estate. What qualifications do you need, and would you accept the responsibility?
Answer to relevant QuestionsWhat is the role of money in setting financial goals? What is the relationship of money to utility?“There’s no sense in worrying about retirement until you reach middle age.” Discuss this point of view.Are consumption patterns related to quality of life? Explain.What is an income and expense statement? What role does it serve in personal financial planning?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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