What role does a power of attorney play in the realm of inheritance and asset management? Option: Developing the comprehensive inheritance plan, Managing the affairs of the individual if they become incapacitated, Distributing assets to designated beneficiaries, Serving as a witness during the signing of legal documents

What role does a power of attorney play in the realm of inheritance and asset management?

What is the primary responsibility of an executor within the context of inheritance planning?

How do beneficiaries participate in the framework of inheritance planning?

What is the purpose of nominations and wills in personal finance?

Which legal document plays a central role in inheritance and asset distribution planning?

What is the core objective of wealth transfer strategies such as estate planning?