1- Which of the following is true about the review of estate plans?

Estate planning and review is a very simple process without any legal hassles.

Periodic reviews and revisions are required to update the plan.

Life events like disability and job change do not influence the review of estate plans.

Estates are exempted from taxes when there is an intestacy, which makes a review process redundant.

Transfer costs are not applicable to the transfer of estates and, therefore, will not affect the review plan.

2-A document that legally modifies a will without revoking it is called a(n) _____.

codicil

letter of last instructions

living will

ethical will

memorandum