Question 1

A self-proof clause is used in probate proceedings to

Accepted Answer

A)  give notice to interested parties. 
B)  petition for administration. 
C)  give notice to appear in court. 
D)  allow admission of a will to probate without the testimony or affidavits of witnesses. 
A)  give notice to interested parties. 
B)  petition for administration. 
C)  give notice to appear in court. 
D)  allow admission of a will to probate without the testimony or affidavits of witnesses.

Question 2

States usually have the following amount of time to file an inventory of the decedent's articles of property.

Accepted Answer

A)  A range of one to six months. 
B)  Two years. 
C)  180 days. 
D)  60 days. 
A)  A range of one to six months. 
B)  Two years. 
C)  180 days. 
D)  60 days.

Question 3

The probate process protects the heirs by seeing that their wishes are carried out.

Accepted Answer

A) True 
 B)False

Question 4

A detailed list of property owned by the decedent together with its estimated value is a(n)

Accepted Answer

A)  account. 
B)  citation. 
C)  inventory. 
D)  bond. 
A)  account. 
B)  citation. 
C)  inventory. 
D)  bond.

Question 5

If a decedent who owned stock died on a market day, the proper valuation of the stock is the

Accepted Answer

A)  mean between high and low on that day. 
B)  high on that day. 
C)  low on that day. 
D)  bid on that day. 
A)  mean between high and low on that day. 
B)  high on that day. 
C)  low on that day. 
D)  bid on that day.

Question 6

Informal proceedings that may be followed when someone dies owning assets below a specific value are called

Accepted Answer

A)  unsupervised administration. 
B)  independent probate. 
C)  voluntary administration. 
D)  All of the answers are correct. 
A)  unsupervised administration. 
B)  independent probate. 
C)  voluntary administration. 
D)  All of the answers are correct.

Question 7

When an estate is insolvent, the assets of the estate

Accepted Answer

A)  exceed the liabilities. 
B)  are sufficient to pay the general legacies but not the specific legacies. 
C)  are insufficient to pay all the debts. 
D)  are sufficient to pay the specific legacies but not the general legacies. 
A)  exceed the liabilities. 
B)  are sufficient to pay the general legacies but not the specific legacies. 
C)  are insufficient to pay all the debts. 
D)  are sufficient to pay the specific legacies but not the general legacies.

Question 8

All states require that actual notice of the deadline to file a claim against an estate be delivered to each known or reasonably ascertainable creditor of the deceased.

Accepted Answer

A) True 
 B)False

Question 9

Upon receiving the will and the petition for probate, the court issues an order, called a citation, requiring the petitioner to notify certain people that the petition has been filed.

Accepted Answer

A) True 
 B)False

Question 10

If all interested parties agree to the allowance of a will, neither testimony of witnesses nor affidavits are necessary.

Accepted Answer

A) True 
 B)False

A self-proof clause is used in probate proceedings to

States usually have the following amount of time to file an inventory of the decedent's articles of property.

The probate process protects the heirs by seeing that their wishes are carried out.

A detailed list of property owned by the decedent together with its estimated value is a(n)

If a decedent who owned stock died on a market day, the proper valuation of the stock is the

Informal proceedings that may be followed when someone dies owning assets below a specific value are called

When an estate is insolvent, the assets of the estate

All states require that actual notice of the deadline to file a claim against an estate be delivered to each known or reasonably ascertainable creditor of the deceased.

Upon receiving the will and the petition for probate, the court issues an order, called a citation, requiring the petitioner to notify certain people that the petition has been filed.

If all interested parties agree to the allowance of a will, neither testimony of witnesses nor affidavits are necessary.

Where There Is a Will

Estate Planning

A Bundle of Rights

Intestate Succession

The Last Will and Testament

Structure of a Model Will

Family Protection, Lapses, and Ademption

Trusts

Specialized Trusts

Probate Courts and Uniform Laws

The Personal Representative

Estate Taxes

Final Choices

Filters

Exam 12: Probating a Will and Administering an Estate

A self-proof clause is used in probate proceedings to

States usually have the following amount of time to file an inventory of the decedent's articles of property.

The probate process protects the heirs by seeing that their wishes are carried out.

A detailed list of property owned by the decedent together with its estimated value is a(n)

If a decedent who owned stock died on a market day, the proper valuation of the stock is the

Informal proceedings that may be followed when someone dies owning assets below a specific value are called

When an estate is insolvent, the assets of the estate

All states require that actual notice of the deadline to file a claim against an estate be delivered to each known or reasonably ascertainable creditor of the deceased.

Upon receiving the will and the petition for probate, the court issues an order, called a citation, requiring the petitioner to notify certain people that the petition has been filed.

If all interested parties agree to the allowance of a will, neither testimony of witnesses nor affidavits are necessary.

Where There Is a Will

Estate Planning

A Bundle of Rights

Intestate Succession

The Last Will and Testament

Structure of a Model Will

Family Protection, Lapses, and Ademption

Trusts

Specialized Trusts

Probate Courts and Uniform Laws

The Personal Representative

Estate Taxes

Final Choices

Filters