Testamentary - Study guides, Class notes & Summaries

NCCP Exam-Real Estate Law Questions & Answers 2024/25 NCGS § 10B Notaries - ANSWERS NCGS § 31A Acts Barring Property Rights - ANSWERSRights of spouse (absolute divorce or divorce from bed and board, spouse who voluntarily separates and lives in adultery, spouse who abandons with no cause, etc.) NCGS § 31B Renunciation of Property and Renunciation of Fiduciary Powers Act - ANSWERSA person who succeeds to a property interest as: (1) Heir; (2) Next of kin; (3) Devisee; (4) Repeale...

NCCP Exam-Real Estate Law Questions & Answers 2024 NCGS § 10B Notaries - ANSWER- NCGS § 31A Acts Barring Property Rights - ANSWER-Rights of spouse (absolute divorce or divorce from bed and board, spouse who voluntarily separates and lives in adultery, spouse who abandons with no cause, etc.) NCGS § 31B Renunciation of Property and Renunciation of Fiduciary Powers Act - ANSWER-A person who succeeds to a property interest as: (1) Heir; (2) Next of kin; (3) Devisee; (4) Repealed b...

Stipulation - An agreement between two opposing counsel. Subordination - The procuring of another person to commit perjury. What do you do when a party to a lawsuit andhis attorney request a copy of a transcript? - You send a copy and an invoice. Pro se - Someone who represents himself in a court action. What's the time regarding a court reporter's deadlinefor filing the transcript in a civil case on appeal? - It starts on the date following the filing of the appeal. tete-a-tete - a pri...

Cannon Financial Institute CFIRs Sample Questions and Answers Rated A+ "As an executor of an estate, a Bank Trust Department typically: a. Does not have a fiduciary duty. b. Is charged with the responsibility to marshal assets, pay debts, and make distributions per terms of the will. c. Can only serve if granted special permission by the regulatory authorities in addition to the bank's general fiduciary powers. d. Must have capital in excess of the normal capital required to exe...

Cannon CTFA Prep Questions with complete Answers 2023 Jean and John Simmons are married and own their own home as tenants by entirety. When John dies the home is valued at $350,000. How much will be counted in his gross taxable estate? A. None, as it passes directly to his spouse, Jean. B. $175,000 - or one-half of the value C. $225,000 - or the full amount minus the $125,000 one-time exclusion for capital gains on a person residence. D. $350,000 - the full amount is includable. B. $175,...

Tenant Kelly has the right to use landlord bob's property according to the lease does kelly have an interest in the property? - No because they don't own the property If a life estate names a third party to receive title to the property upon termination of the life estate, the party who receives the interest is called what? - Remainder interest What is an example of an involuntary lien? - Judgement lien, Income tax liens, Mechanic's lien What date is used to establish lien priority for a...

Oklahoma Real Estate Final Test Practice Questions with Verified Answers Tenant Kelly has the right to use landlord bob's property according to the lease does kelly have an interest in the property? No because they don't own the property If a life estate names a third party to receive title to the property upon termination of the life estate, the party who receives the interest is called what? Remainder interest What is an example of an involuntary lien? Judgement lien, Income t...

Tenant Kelly has the right to use landlord bob's property according to the lease does kelly have an interest in the property? - No because they don't own the property If a life estate names a third party to receive title to the property upon termination of the life estate, the party who receives the interest is called what? - Remainder interest What is an example of an involuntary lien? - Judgement lien, Income tax liens, Mechanic's lien What date is used to establish lien priority for a...

Mary dies, and in a handwritten will with no witness, gifts her house to her grandson. Mary has created what kind of will? a. testamentary b. holographic c. harmonious d. automatic - correct answer -b. holographic Sally and Jorge are a married couple who own a house together. The couple has one adult daughter, Emilia. When Jorge dies intestate, who receives the house? a. Sally receives the house b. Emilia receives the house c. Both Sally and Emilia receive one-half d. Sally receiv...

Escrow Sample Test Questions and Answers Rated A An escrow is an arrangement that: a) Holds documents, b) Holds funds, c) Creates documents to affect a transfer of interest in property, d) is responsible for guaranteeing funds. A, B, C, E When is it necessary to have closing documents recorded prior to disbursement of escrow funds? a) it is not necessary, b) in almost all situations, c) when instructed by one of the parties to the escrow, d) only when the written instructions require recording...