Question

offers benefits that a standard will cannot, including avoiding probate and providing greater control over asset distribution

• 1 point

trust
will
generational wealth

if there is no will, who settles the estate?

• 1 point

probate
social security

with a short term goal after you____ * 1 point
set aside the amount you will need to meet your goal
put a percentage of that goal every month so you will have the entire amount within 1 - 2 years
you dont want to save in your monthly budget but just have an idea of what you will need

Explanation:

• For the first question: A trust offers benefits like avoiding probate and greater control over asset distribution compared to a standard will. A will is a legal document that distributes assets after death but goes through probate. Generational wealth is a broader concept of wealth passed down generations, not directly related to the specific benefits mentioned.
• For the second question: If there is no will, probate (the legal process of distributing the estate) settles the estate. Social security is a government - run program for retirement, disability, etc., not related to settling an estate without a will.
• For the third question: A short - term goal is typically met by setting aside the amount needed. Putting a percentage over 1 - 2 years is more of a medium - term savings approach. Not having it in the monthly budget but just an idea is not a proper way to achieve a short - term goal.

Answer:

1. A. trust
2. A. Probate
3. A. set aside the amount you will need to meet your goal