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Probate Law: Wills and Trusts

Description: This quiz will test your knowledge on the legal aspects of wills and trusts in probate law.
Number of Questions: 15
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Tags: probate law wills trusts
Attempted 0/15 Correct 0 Score 0

What is the legal document that outlines a person's wishes for the distribution of their assets after death?

  1. Will

  2. Trust

  3. Codicil

  4. Estate Plan


Correct Option: A
Explanation:

A will is a legal document that outlines a person's wishes for the distribution of their assets after death.

What is the term used to describe the process of administering a deceased person's estate?

  1. Probate

  2. Administration

  3. Settlement

  4. Distribution


Correct Option: A
Explanation:

Probate is the legal process of administering a deceased person's estate.

What is the legal term for a person who creates a will?

  1. Testator

  2. Executor

  3. Beneficiary

  4. Guardian


Correct Option: A
Explanation:

A testator is the person who creates a will.

What is the legal term for a person who is appointed to carry out the instructions outlined in a will?

  1. Executor

  2. Administrator

  3. Trustee

  4. Guardian


Correct Option: A
Explanation:

An executor is the person who is appointed to carry out the instructions outlined in a will.

What is the legal term for a person who receives property or assets under the terms of a will?

  1. Beneficiary

  2. Heir

  3. Devisee

  4. Legatee


Correct Option: A
Explanation:

A beneficiary is a person who receives property or assets under the terms of a will.

What is the legal term for a document that creates a trust?

  1. Trust Deed

  2. Trust Agreement

  3. Trust Declaration

  4. Trust Instrument


Correct Option: A
Explanation:

A trust deed is a legal document that creates a trust.

What is the legal term for the person who creates a trust?

  1. Settlor

  2. Grantor

  3. Trustor

  4. Founder


Correct Option: A
Explanation:

A settlor is the person who creates a trust.

What is the legal term for the person who manages and administers a trust?

  1. Trustee

  2. Fiduciary

  3. Guardian

  4. Conservator


Correct Option: A
Explanation:

A trustee is the person who manages and administers a trust.

What is the legal term for the person who receives the benefits from a trust?

  1. Beneficiary

  2. Heir

  3. Devisee

  4. Legatee


Correct Option: A
Explanation:

A beneficiary is a person who receives the benefits from a trust.

What is the legal term for the property or assets that are placed in a trust?

  1. Trust Res

  2. Trust Corpus

  3. Trust Estate

  4. Trust Fund


Correct Option: A
Explanation:

A trust res is the property or assets that are placed in a trust.

What is the legal term for the process of distributing the assets of a trust to the beneficiaries?

  1. Distribution

  2. Termination

  3. Settlement

  4. Dissolution


Correct Option: A
Explanation:

Distribution is the legal term for the process of distributing the assets of a trust to the beneficiaries.

What is the legal term for a will that is made orally rather than in writing?

  1. Nuncupative Will

  2. Holographic Will

  3. Testamentary Will

  4. Codicil


Correct Option: A
Explanation:

A nuncupative will is a will that is made orally rather than in writing.

What is the legal term for a document that amends or modifies an existing will?

  1. Codicil

  2. Amendment

  3. Revision

  4. Addendum


Correct Option: A
Explanation:

A codicil is a document that amends or modifies an existing will.

What is the legal term for a person who is appointed to manage and care for a minor child after the death of their parents?

  1. Guardian

  2. Conservator

  3. Trustee

  4. Executor


Correct Option: A
Explanation:

A guardian is a person who is appointed to manage and care for a minor child after the death of their parents.

What is the legal term for a court order that appoints a guardian for a minor child?

  1. Guardianship Order

  2. Conservatorship Order

  3. Testamentary Guardianship

  4. Limited Guardianship


Correct Option: A
Explanation:

A guardianship order is a court order that appoints a guardian for a minor child.

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