If Walter becomes incompetent to manage his affairs,
A) his chosen attorney-in-fact can make decisions for him if he appointed the person in a durable power of attorney with a springing power to become effective upon Walter's incompetence.
B) a court will allow an immediate family member to manage his affairs.
C) his will becomes effective,and his executor or executrix will manage his business and personal decisions.
D) his property will be placed in a trust until such time as he is able to manage his affairs himself.
Correct Answer:
Verified
Q22: The major disadvantage of a trust is
A)expense.
B)lack
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Q25: Under the Uniform Anatomical Gift Act,
A)an individual
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Q28: Which of the following insurance policies continues
Q29: Which of the following is NOT required to
Q30: Darcy buys a life insurance policy on
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Q32: The cheapest life insurance option is
A)straight life
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