Testamentary capacity refers to:

A) the age of the testator.
B) the same capacity as required to contract.
C) the ability to understand the nature and extent of one's property, to appreciate the natural objects of one's bounty, and the ability to formulate an orderly plan of disposition.
D) the influence of others over the testator.

Testamentary Capacity

The legal and mental ability of a person to make or alter a valid will, often requiring understanding of the nature of the will, one's assets, and the identity of beneficiaries.

Orderly Plan of Disposition

An orderly plan of disposition refers to a strategically organized method for selling off a business's assets, often used in liquidation scenarios.