Answer Happy

44 A unitholder has just passed away. The account has a fair market value of $875. The estate representative of the deceased unitholder wants you to waive the usual requirements for documentation. As an investment fund manager, what would be a reasonable course of action to ensure the smooth management of the estate account? Oa) Ob) Oc) Od) Given the small amount involved, exercise discretion and waive the usual requirements for documentation Ask for an indemnity bond from a surety company. No estate accounts should be given any walver. Keep the funds on hold for 3 months.