Compare and contrast the three broad categories of wills
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Wills fall into three broad categories: formal, holographic, and nuncupative.
A formal will is a written will, subscribed and acknowledged by the testator and witnessed by individuals who are not beneficiaries under the will. The number of witnesses required is a matter of state law, generally two or three. A holographic will is handwritten by the testator. It must be signed and dated; witnesses are not required. A nuncupative will, an oral will be made by one on his or her deathbed, is sometimes referred to as a soldier's will.
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What is the sexual intercourse by a married person with someone not his/her spouse?
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Along with the marital home, a ________ is most commonly one of the two largest assets to be distributed in divorces.
A. Pension B. Boat C. Car D. Vacation home
In order to make judgmental performance ratings fair, they should be ______.
A. by untrained raters B. focused on job irrelevant elements C. free from bias and error D. based on quickly designed instruments
The price that can be obtained for property by a willing buyer and willing seller is called:
A. basis. B. fair market value. C. adjusted basis. D. appreciation.