Provide a description of the basic features and clauses found in a will. What might invalidate your will?

What will be an ideal response?

Answer: The introductory statement identifies that it is your will and revokes all prior wills. You want to direct the payment of any debts, dying and funeral expenses, and taxes. Allow for the disposition of money and property to those who should get it and in what amount. Appoint the executor of the estate and the guardian of any children under age 18. Identify which spouse is assumed to have died first in the event of a common disaster. Date and validate the will by signing in the presence of two or more witnesses; that is, incorporate an attestation and witness clause.

A will could be invalidated under the following circumstances:
? evidence suggesting lack of mental competence when the will was written
? evidence of undue influence, or pressure, on the individual to write the will with certain provisions
? provisions in the will that do not comply with state law

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Generally speaking, managers feel better about themselves when they behave ethically

Indicate whether the statement is true or false

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Caps on mortgage rate fluctuations with adjustable-rate mortgages (ARMs) are typically

a. 2 percent per year and 5 percent for the mortgage lifetime. b. 5 percent per year and 15 percent for the mortgage lifetime. c. 0 percent per year and 10 percent for the mortgage lifetime. d. 3 percent per year and 8 percent for the mortgage lifetime.

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