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 ...

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...

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...

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...

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...

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...

State Portion Real Estate Exam Questions and Answers Already Passed Not psychologically affected if Reputation of haunted ghost Operate INDIANA property management firm outside of the broker company What is Correct ? Broker me do with formal approval of original managing broke Listing agreement should be delivered to Owner Upon signing Broker hires interactive broker to conduct open house The broker may face disciplinary action for incompetent practice Broker a discovers a former buyers clie...

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...

Wrongful or criminal deception intended to result in financial or personal gain is called: - Answer- fraud The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: - Answer- 90 days __________ extend above the surface without limitation. - Answer- air rights An example(s) of an appurtenance would be: - Answer- easements There is no upper limit on the value of a Texas homestead. - Answer- true A(n) __________ is one that combines some of ...