What is meant by "an individual dies intestate?" Select one: a.That person did create a will before death, but the will neglected to name an executor. b.That person's estate is insufficient to pay all claims against it. c.That person was not certified to be of sound mind before writing their will. d.That person did not create a legal will prior to death. e.That person's estate will automatically pass to the state, and the presumed
What is meant by "an individual dies intestate?" Select one: a.That person did create a will before death, but the will neglected to name an executor. b.That person's estate is insufficient to pay all claims against it. c.That person was not certified to be of sound mind before writing their will. d.That person did not create a legal will prior to death. e.That person's estate will automatically pass to the state, and the presumed
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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- What is meant by "an individual dies intestate?"
Select one:
a.That person did create a will before death, but the will neglected to name an executor.
b.That person's estate is insufficient to pay all claims against it.
c.That person was not certified to be of sound mind before writing their will.
d.That person did not create a legal will prior to death.
e.That person's estate will automatically pass to the state, and the presumed heirs will get nothing.
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