If you die without a valid will and have no living relatives, all your assets become the property of the state government through a legal process known as

caveat emptor.

probate.

living will.

escheat.Patrick O'Riley, a single man with no children, has a taxable estate of $$19\mathrm{.}68$ million. What is the amount the government will levy an estate tax upon in $2024?$

$$6\mathrm{.}78$ million

$$19\mathrm{.}68$ million

$$0$

$$6\mathrm{.}07$ millionCynthia Blair is currently typing up her will so that she can have an attorney look it over to ensure her nieces and nephews receive any inheritance due. What role does Cynthia Blair have in the will preparation process?

Beneficiary

Executrix

Testator

ExecutorWhich is not a common element of a will?

Appointment of guardian

Medical decisions in the event of incapacitation

Payment of debts and taxes

Appointment of an executor or executrix