The act of determining how wealth will be distributed before or upon death is
A)estate planning.
B)retirement planning.
C)not needed for most people.
D)disposition planning.

Question

Quizplus · Accepted Answer

Estate planning involves creating a plan for the distribution of wealth and assets after death. Retirement planning focuses on saving and strategizing for retirement, but does not necessarily include planning for the distribution of wealth after death. Additionally, while not everyone needs complex estate planning, it is still a good practice to at least have a basic will in place to ensure assets are distributed according to one's wishes. "Disposition planning" is not a commonly recognized term in the context of wealth distribution.

The Act of Determining How Wealth Will Be Distributed Before