Joseph Vu has assets worth $1,200,000.He has written a legal document that specifies that these assets be divided equally between his wife and his two sons upon his death.What is this legal document?

Question

Quizplus · Accepted Answer

A will is a legal document that outlines a person's wishes regarding the distribution of their assets after they die. In this scenario, Joseph Vu has made a will that specifies that his assets should be divided equally between his wife and two sons. The other options are not applicable in this scenario – an estate refers to all of a person's property and assets, a trust is a legal arrangement for managing and distributing assets, probate is the legal process of settling an estate after someone dies, and liabilities refer to debts and financial obligations.

Joseph Vu Has Assets Worth $1,200,000