The act of determining how wealth will be distributed before or upon death is
A) estate planning.
B) retirement planning.
C) not needed for most people.
D) liquidity planning.

Question

Quizplus · Accepted Answer

Estate planning is the process of arranging how an individual's assets will be preserved, managed, and distributed after death or in the event they become incapacitated. It involves making decisions on the distribution of wealth and assets, ensuring that the individual's wishes are carried out.

The Act of Determining How Wealth Will Be Distributed Before