Exam 11: Estates and Probate

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Per capita is the most commonly applied distribution method for intestate estates.

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False

Creditors are paid from amounts in the residuary clause after the primary estate is distributed.

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Match the most appropriate term to the definition. -May be valid only if testator rightfully believed death was imminent

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Match the most appropriate term to the definition. -Process to settle an estate

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No specific bequests can be liquidated to pay creditors.

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A codicil

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A case is considered testate when the decedent

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Match the most appropriate term to the definition. -Process by executor to invalidate will

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Match the most appropriate term to the definition. -Cannot be disinherited

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Incorporation by reference applies only in cases where decedent was a shareholder in a corporation.

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If a person is declared legally incompetent,

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Most will contests must establish proof beyond a reasonable doubt.

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Match the most appropriate term to the definition. -Testifies that the testator had testamentary capacity

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An action to have one declared legally incompetent must be based on

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Match the most appropriate term to the definition. -Inheritance determined by proximity of relationship to decedent

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Probate does not usually include

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Match the most appropriate term to the definition. -Duty of personal representative

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A case is considered intestate when the decedent

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Half-blood relatives inherit

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In a per stirpes distribution,

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