Bequests involve leaving funds to which recipients?

Bequests involve leaving funds to which recipients?

• A. Church, school, or charity
• B. Life settlement
• C. Retirement fund
• D. Bequests

Answer: (A)

Bequests are gifts left in a will to recipients after the person dies. The most common recipients are churches, schools, and charities, which is why this option fits best. This reflects how people often use estate planning to support nonprofit organizations and community institutions after their passing. The other options describe different financial concepts: a life settlement is the sale of a life insurance policy for cash during the policyholder’s life, a retirement fund is a personal savings vehicle for the owner’s retirement, and a bequest is the act of giving, not the recipient itself.

Bequests are gifts left in a will to recipients after the person dies. The most common recipients are churches, schools, and charities, which is why this option fits best. This reflects how people often use estate planning to support nonprofit organizations and community institutions after their passing. The other options describe different financial concepts: a life settlement is the sale of a life insurance policy for cash during the policyholder’s life, a retirement fund is a personal savings vehicle for the owner’s retirement, and a bequest is the act of giving, not the recipient itself.