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Probate Law: Glossary of Terms

Description: Probate Law: Glossary of Terms
Number of Questions: 15
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What is the legal process of administering and distributing a deceased person's estate?

  1. Probate

  2. Administration

  3. Settlement

  4. Distribution


Correct Option: A
Explanation:

Probate is the legal process of administering and distributing a deceased person's estate, including the payment of debts and taxes, and the distribution of assets to beneficiaries.

Who is the person appointed by the court to administer the estate of a deceased person?

  1. Executor

  2. Administrator

  3. Personal Representative

  4. Trustee


Correct Option: A
Explanation:

An executor is the person appointed by the court to administer the estate of a deceased person, including the payment of debts and taxes, and the distribution of assets to beneficiaries.

What is the legal document that sets forth a person's wishes for the distribution of their property after their death?

  1. Will

  2. Testament

  3. Codicil

  4. Trust


Correct Option: A
Explanation:

A will is the legal document that sets forth a person's wishes for the distribution of their property after their death, including the appointment of an executor and the distribution of assets to beneficiaries.

What is the legal process of challenging the validity of a will?

  1. Probate

  2. Administration

  3. Settlement

  4. Contest


Correct Option: D
Explanation:

A will contest is the legal process of challenging the validity of a will, typically on the grounds of undue influence, lack of capacity, or fraud.

What is the legal term for the transfer of property from a deceased person to their beneficiaries?

  1. Distribution

  2. Settlement

  3. Descent

  4. Escheat


Correct Option: A
Explanation:

Distribution is the legal term for the transfer of property from a deceased person to their beneficiaries, as specified in their will or determined by the court.

What is the legal term for the property of a deceased person?

  1. Estate

  2. Assets

  3. Probate

  4. Trust


Correct Option: A
Explanation:

An estate is the legal term for the property of a deceased person, including all of their assets and liabilities.

What is the legal term for the debts and obligations of a deceased person?

  1. Liabilities

  2. Debts

  3. Obligations

  4. Encumbrances


Correct Option: A
Explanation:

Liabilities are the legal term for the debts and obligations of a deceased person, which must be paid from their estate before any assets can be distributed to beneficiaries.

What is the legal term for the process of determining the value of a deceased person's estate?

  1. Appraisal

  2. Valuation

  3. Assessment

  4. Inventory


Correct Option: A
Explanation:

Appraisal is the legal term for the process of determining the value of a deceased person's estate, including all of their assets and liabilities.

What is the legal term for the process of selling a deceased person's property to pay their debts and expenses?

  1. Liquidation

  2. Sale

  3. Disposition

  4. Realization


Correct Option: A
Explanation:

Liquidation is the legal term for the process of selling a deceased person's property to pay their debts and expenses, such as funeral costs, administrative expenses, and taxes.

What is the legal term for the person who receives property from a deceased person's estate?

  1. Beneficiary

  2. Heir

  3. Devisee

  4. Legatee


Correct Option: A
Explanation:

A beneficiary is the legal term for the person who receives property from a deceased person's estate, as specified in their will or determined by the court.

What is the legal term for the property that passes to a person by operation of law, rather than by will?

  1. Intestate Succession

  2. Descent

  3. Escheat

  4. Distribution


Correct Option: A
Explanation:

Intestate succession is the legal term for the property that passes to a person by operation of law, rather than by will, when a person dies without a valid will.

What is the legal term for the property that passes to the state when a person dies without a will and has no heirs?

  1. Escheat

  2. Intestate Succession

  3. Descent

  4. Distribution


Correct Option: A
Explanation:

Escheat is the legal term for the property that passes to the state when a person dies without a will and has no heirs.

What is the legal term for the process of transferring property from a living person to another person?

  1. Inter vivos transfer

  2. Gift

  3. Conveyance

  4. Assignment


Correct Option: A
Explanation:

An inter vivos transfer is the legal term for the process of transferring property from a living person to another person, as opposed to a transfer that takes effect upon the death of the transferor.

What is the legal term for a gift made in contemplation of death?

  1. Mortis causa gift

  2. Inter vivos gift

  3. Gift in contemplation of death

  4. Testamentary gift


Correct Option: A
Explanation:

A mortis causa gift is the legal term for a gift made in contemplation of death, which is typically subject to different rules than a gift made during life.

What is the legal term for a trust created during a person's lifetime?

  1. Inter vivos trust

  2. Testamentary trust

  3. Living trust

  4. Revocable trust


Correct Option: A
Explanation:

An inter vivos trust is the legal term for a trust created during a person's lifetime, as opposed to a trust created by will.

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