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Thirty-three-year-old Ralph was surprised to learn that all of his assets do not pass automatically to his wife, Janice, when he dies. His financial planner explained that the purpose of the will is to communicate Ralph’s testamentary wishes. From the following list, which items can Ralph achieve through the completion of a will? 1. Indicate how he wants his distributable assets divided upon his death 2. Indicate his preference regarding guardianship of his minor children, in the event that Janice does not survive him 3. Make an irrevocable beneficiary designation 4. Indicate how he wants Janice’s distributable assets divided upon her death. Question 16 options: 1 and 2 1 and 4 2 and 3 3 and 4


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