Probate estate - Study guides, Class notes & Summaries

Arizona Life Insurance Exam Questions and Answers (Latest Update 2023) Verified Answers a whole life policy that provides a choice of dividend options include the following statement about dividends they accrue at a guaranteed rate they are deferred for one year they are not guaranteed they are guaranteed after the first year - Correct Answers they are not guaranteed When there is a named beneficiary on a life insurance policy, the death benefits 1. are directed to a trustee ...

NALA Certified Paralegal Exam Terms and Concepts Questions with complete solution 2023/2024 Estate administration - correct answer The process in which a decedent's personal representative settles the affairs of the decedent's estate (collects assets, pays debts and taxes, and distributes the remaining assets to heirs); the process is usually overseen by a probate court. inter vivos trust - correct answer A trust created by the grantor (settlor) and effective during the grantor's lifetime—...

California Real Estate Exam: Questions & Answers Latest Update 2023/2024 100% Verified. Reed vs. King Case (Ans- Must disclose death (and manner of death) on a property if occurs within 3 years, except AIDS Jones vs. Mayer Supreme Court Decision (1968) (Ans- Racial discrimination not allowed (whether selling or buying) in all PRIVATE property transactions (based on Civil Rights Act of 1968) Easton vs Strassburgar (Ans- Seller disclosures to third parties AND agent visual inspection of all...

Colorado Title Test Questions and Answers 100% Pass AGENTS' LICENSES TO REPRESENT A NATIONWIDE BUSINESS CONDUCTING BUSINESS IN COLORADO ARE ISSUED BY? THE COMMISSIONER OF INSURANCE OF THE STATE OF COLORADO THE APPROVED MANNER IN WHICH A TITLE INSURER IS SUPPOSED TO WRITE OVER, OR INSURE THROUGH, RECORD ENCUMBRANCES OR DEFECTS IN TITLE IS? BY A SPECIALLY FILED ENDORSEMENT PURSUANT TO THE PROVISIONS OF THE UNIFORM PROBATE CODE, THE ADMINISTRATION OF THE ESTATE OF A COLORADO RESIDENT WHO DIED O...

Shawn, Mike, and Dave are brothers who have a $100,000 "first to die" joint life policy covering all three of their lives. If Mike dies first, the policy proceeds A.) Will no longer provide insurance protection B.) Will go to Mike's estate C.) Wwill be divided by probate D.) Will not be paid until the last brother dies - A.) Will no longer provide insurance protection Susan is insured through her Group Health Insurance plan and changed her coverage to an individual plan with the sa...

Praxis 5101 Questions and Answers Already Passed According to research, the competency most needed for success in most business occupations today is A. Computer Literacy B. Communication Skills C. Records Management D. Time Management Communication skills Computer literacy, records management, and time management or all skills that can be taught and improved by a business. Communication skills are the one competency that employees must possess as they enter the job. And employee is concerne...

Test Bank For Introduction to Law 6th Edition by Joanne B. Hames, Yvonne Ekern 8240, 2, 0977, 2 chapter 1 Introduction to Law chapter 2 The U.S. Legal System chapter 3 The Courts and Legal Personnel chapter 4 Finding the Law: Legal Research chapter 5 Using the Law: Analysis and Legal Writing chapter 6 Constitutional Law & Civil Rights chapter 7 Tort Law chapter 8 Family Law chapter 9 Estate Planning: Wills, Trusts, and Probate chapter 10 Contract Law chapter 11 P...

NALA Certification Estate Planning & Probate Test Questions & Answers 2022 - ANSWERSFact: - Wills and Living Wills are not the same thing. - If one does not prepare a will, the estate will go to the surviving relatives per the laws of intestate succession. An estate escheats to the state if there are no surviving blood relatives or next of kin, which is a rare occasion. - Preparing a will does not necessarily avoid probate. - A durable POA becomes inoperative upon death of the p...

Segregated Funds & Annuities Mock Exam Latest Update Graded A+ Group Registered Retirement Savings Plan (GRRSP) GRRSPs offer investors a limited variety of investment choices, but they have lower fees compared with individual RRSPs. Cancellation of Segregated Fund Contract An investor may cancel or rescind the segregated fund contract in writing within the specific time limitation set by the insurer providing the contract. Two days is the usual length of time permitted. The investor receives th...

Administrator; 87101 a.1. - Answer- Individual designated by the licensee to act on behalf of the licensee in the overall management of the facility Admission Agreement; 87101 a.2. - Answer- All documents that a resident or resident's representative must sign at the time of, or as a condition of admission Adult; 87101 a.3. - Answer- a person who is 18 years or older Advance Health Care Directive; 87101 a.5. - Answer- A written instruction that relates to the provision of health care wh...

NALA Certified Paralegal Exam Terms And Concepts Questions And Answers The process in which a decedent's personal representative settles the affairs of the decedent's estate (collects assets, pays debts and taxes, and distributes the remaining assets to heirs); the process is usually overseen by a probate court. ANS Estate administration A trust created by the grantor (settlor) and effective during the grantor's lifetime—that is, a trust not established by a will. ANS inter vivos trus...