Wills, Trusts And Estates Final Exam Review UPDATED Actual Questions and CORRECT Answers
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Course
Wills, Trusts And Estates
Institution
Wills, Trusts And Estates
Wills, Trusts And Estates Final Exam
Review UPDATED Actual Questions and
CORRECT Answers
To assist the attorney - CORRECT ANSWER- A paralegal's duties with respect to estate
administration are:
(1) Interim Letters (2) Preliminary Letters (3) Temporary Letters - CORRECT
ANSWER- In order to...
Wills, Trusts And Estates Final Exam
Review UPDATED Actual Questions and
CORRECT Answers
To assist the attorney - CORRECT ANSWER✔✔- A paralegal's duties with respect to estate
administration are:
(1) Interim Letters (2) Preliminary Letters (3) Temporary Letters - CORRECT
ANSWER✔✔- In order to operate a decedent's business during the probate process, a
personal representative must obtain:
(1) Personal Representative (2) Bank Representative (3) Tax Official - CORRECT
ANSWER✔✔- In order to open a safe deposit box, the following must be present:
Guardian Ad Litem - CORRECT ANSWER✔✔- The person appointed to represent minor
heirs is called:
706 - CORRECT ANSWER✔✔- The primary federal estate tax form is:
All Real Estate and Co-Ops - CORRECT ANSWER✔✔- Until the estate taxes are paid, the
federal government puts a tax lien on the following:
USC - CORRECT ANSWER✔✔- The federal tax can be found in:
(1) The right to transfer the policy (2) The right to change the beneficiary - CORRECT
ANSWER✔✔- Retaining incidents of ownership in life insurance policy does not include:
Inheritance Tax - CORRECT ANSWER✔✔- A tax imposed on the recipient of property from
a decedent is called:
Federal Estate Tax Return - CORRECT ANSWER✔✔- Funeral expenses may be deducted
from:
, Citation - CORRECT ANSWER✔✔- Notice to the parties with standing to contest the
probate petition is called:
Death Certificate - CORRECT ANSWER✔✔- Official government document proving a
person's death is a:
Guardian Ad Litem - CORRECT ANSWER✔✔- Competent adult appointed by a court to
represent persons under incapacity during litigation is:
An Informal Probate Proceeding - CORRECT ANSWER✔✔- Probate permitted in certain
jurisdictions for small estates in which no notice is required is:
Executor - CORRECT ANSWER✔✔- Personal Representative of an estate is an:
1040 - CORRECT ANSWER✔✔- Federal tax return is form:
1041 - CORRECT ANSWER✔✔- Federal fiduciary income tax return is form:
706 - CORRECT ANSWER✔✔- Federal estate tax return is form:
SS-4 - CORRECT ANSWER✔✔- Federal tax used to acquire a tax id number is form:
Revenue Ruling - CORRECT ANSWER✔✔- IRS internal case decision having precedential
value is:
Right of Election - CORRECT ANSWER✔✔- Right of surviving spouse to elect to take by
will or take statutory share is:
Tickler - CORRECT ANSWER✔✔- A checklist is a:
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