3922612
Descripción
Test por Brittany Mae, actualizado hace más de 1 año
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Creado por Brittany Mae
hace más de 8 años
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Pregunta 1
Pregunta
The primary purpose of a living will is to allow individuals to distribute their property as they choose upon death.
Respuesta
- True
- False
Pregunta 2
Pregunta
All real and personal property owned by a decedent at the time of death must always pass through probate.
Respuesta
- True
- False
Pregunta 3
Pregunta
Which of the following activities are permissible for paralegals to do?
Respuesta
-
Give Legal Advice
-
Draft estate planning documents under the supervision of an attorney
-
Interview clients in order to gather information
-
Answers b and c
Pregunta 4
Pregunta
A decedent who dies without a will is said to die intestate.
Respuesta
- True
- False
Pregunta 5
Pregunta
A written expression of a person's wishes to be allowed to die a natural death and not be kept alive by heroic or artificial methods.
Respuesta
-
Holographic Will
-
Living Will
-
Will
-
Estate Plan
Pregunta 6
Pregunta
A plan made to provide for the maker's physical and financial needs during lifetime, as well as the distribution of their estate upon death.
Respuesta
-
Holographic Will
-
Living Will
-
Will
-
Estate Plan
Pregunta 7
Pregunta
A will that is written completely in the handwriting of the testator and signed and dated by the maker. Witnesses may or may not be required, depending on state law.
Respuesta
-
Holographic Will
-
Living Will
-
Will
-
Estate Plan
Pregunta 8
Pregunta
A written document that leaves the estate of the individual who signed the will to the named persons or entities.
Respuesta
-
Holographic Will
-
Living Will
-
Will
-
Estate Plan
Pregunta 9
Pregunta
Having the mental ability to make a will is known as being "of sound mind."
Respuesta
- True
- False
Pregunta 10
Pregunta
Which of the following is not an example of real property?
Respuesta
-
Land
-
Building
-
Garage
-
Pen
Pregunta 11
Pregunta
What type(s) or property is/are immovable?
Respuesta
-
Real and personal property
-
Real property only
-
Personal property only
-
None of the above
Pregunta 12
Pregunta
The purpose of an estate plan is solely to provide directions for the distribution of an individual's estate upon death.
Respuesta
- True
- False
Pregunta 13
Pregunta
Which of the following is a written document that leaves the estate of the individual who signed the document to the named persons or entities?
Respuesta
-
Will
-
Living Will
-
Power of attorney
-
All of the above
Pregunta 14
Pregunta
If Sam and Sue are co-owners of a joint bank account and Sue passes away, Sam becomes the legal owner of the account.
Respuesta
- True
- False
Pregunta 15
Pregunta
A mountain is real property.
Respuesta
- True
- False
Pregunta 16
Pregunta
A quitclaim deed is executed while the grantor is alive but takes effect only upon the death of the grantor.
Respuesta
- True
- False
Pregunta 17
Pregunta
A deed in which the personal representative of an estate is the grantor and is transferring real property to the decedent's heirs or devisees.
Respuesta
-
Beneficiary Deed
-
Warranty Deed
-
Quitclaim Deed
-
Personal Representative's Deed
-
Grant Deed
Pregunta 18
Pregunta
A deed executed while the grantor is alive that takes effect only upon the death of the grantor.
Respuesta
-
Beneficiary Deed
-
Warranty Deed
-
Quitclaim Deed
-
Personal Representative's Deed
-
Grand Deed
Pregunta 19
Pregunta
A deed that transfers title to real property from a grantor to a grantee, usually used in connection with a gift of property or a transfer between family members.
Respuesta
-
Beneficiary Deed
-
Warranty Deed
-
Quitclaim Deed
-
Personal Representative's Deed
-
Grant Deed
Pregunta 20
Pregunta
A deed to real property that transfers to the grantee only whatever interest the grantor has in the property.
Respuesta
-
Beneficiary Deed
-
Warranty Deed
-
Quitclaim Deed
-
Personal Representative's Deed
-
Grant Deed
Pregunta 21
Pregunta
A deed to real property, which guarantees that the seller has clear title to the property, and that title can be transferred or conveyed to the buyer.
Respuesta
-
Beneficiary Deed
-
Warranty Deed
-
Quitclaim Deed
-
Personal Representative's Deed
-
Grant Deed
Pregunta 22
Pregunta
Which of the following is not real property?
Respuesta
-
House
-
Shed
-
Corn field
-
Stove
Pregunta 23
Pregunta
A grant deed typically transfers title to real property from a grantor to a grantee in connection with a gift of property or a transfer between family members or to a family trust.
Respuesta
- True
- False
Pregunta 24
Pregunta
Pay-on-Death (POD) and Transfer-on-Death (TOD) accounts are probate assets.
Respuesta
- True
- False
Pregunta 25
Pregunta
Which of the following is not personal property?
Respuesta
-
Vase
-
Dresser
-
Dog
-
Shed
Pregunta 26
Pregunta
Betsy is purchasing real property from an acquaintance, Sarah. What type of deed should Betsy expect from Sarah in order to guarantee that she has clear title to the property?
Respuesta
-
Warranty Deed
-
Quitclaim Deed
-
Grant Deed
-
Personal Representative's Deed
Pregunta 27
Pregunta
John is allowed to live at 123 Home Street for his lifetime and, upon John's death, the property will pass to John's son. What interest does John have in the property?
Respuesta
-
Fee simple
-
Life estate
-
Tenancy in common
-
Community property
Pregunta 28
Pregunta
Which of the following should be included on an estate planning checklist or intake sheet?
Respuesta
-
Client's name, date of birth, and adress
-
Marital status
-
Children's names and adresses
-
All of the above
Pregunta 29
Pregunta
A plan made to provide for the maker's physical and financial needs during lifetime, as well as the distribution of the maker's estate upon death.
Respuesta
-
Estate plan
-
Persistent Vegetative State (PVS)
-
Health Care Proxy
-
Power of Attorney
Pregunta 30
Pregunta
A written statement authorizing an agent or surrogate to make medical treatment decisions for another in the event of the other's inability to do so.
Respuesta
-
Estate plan
-
Persistent Vegetative State (PVS)
-
Health Care Proxy
-
Power of Attorney
Pregunta 31
Pregunta
A legal document that authorizes another person to act as the grantor's attorney-in-fact and agent; execution before a notary public is nearly always required.
Respuesta
-
Estate Plan
-
Persistent Vegetative State (PVS)
-
Health Care Proxy
-
Power of Attorney
Pregunta 32
Pregunta
A condition of patients with severe brain damage in whom a coma has progressed to a state of wakefulness without detectable awareness.
Respuesta
-
Estate Plan
-
Persistent Vegetative State (PVS)
-
Health Care Proxy
-
Power of Attorney
Pregunta 33
Pregunta
It is perfectly acceptable for a caregiver to accompany an elderly client into an estate planning consultation.
Respuesta
- True
- False
Pregunta 34
Pregunta
A living trust does not become effective until the trustor/settlor passes away.
Respuesta
- True
- False
Pregunta 35
Pregunta
Which of the following can paralegals ethically do?
Respuesta
-
Prepare documents under the supervision of an attorney
-
Give legal advice
-
Advise clients about which document they need
-
Both a and c
Pregunta 36
Pregunta
When drafting a living trust for a client, a pour-over will is merely optional.
Respuesta
- True
- False
Pregunta 37
Pregunta
When does a springing power of attorney become effective?
Respuesta
-
Immediately upon execution
-
Only upon determination by a doctor that the principal is incapacitated
-
Upon the date set forth in the document
-
None of the above
Pregunta 38
Pregunta
It is okay for attorneys and paralegals to draft wills that include testamentary bequests to themselves if a client asks for it to be done.
Respuesta
- True
- False
Pregunta 39
Pregunta
It is advisable that clients select an alternate agent so that if their first appointed agent is unable to serve, there is someone else appointed to do the job.
Respuesta
- True
- False
Pregunta 40
Pregunta
Which of the following is a written expression of a person's wishes to be allowed to die a natural death and not be kept alive by heroic or artificial measures?
Respuesta
-
Power of Attorney
-
Last will and testament
-
Living will
-
Health Care Power of Attorney
Pregunta 41
Pregunta
Which of the following may be a source of power for an attorney-in-fact appointed under a durable power of attorney?
Respuesta
-
State Statute
-
Enumerated powers in the power of attorney document
-
Both a and b
-
None of the above
Pregunta 42
Pregunta
Who of the following have a fiduciary duty to uphold?
Respuesta
-
An agent
-
An attorney-in-fact
-
A principal
-
Both a and b
Pregunta 43
Pregunta
A durable power of attorney takes effect immediately upon execution.
Respuesta
- True
- False
Pregunta 44
Pregunta
Which of the following are the primary purposes for executing a living will?
Respuesta
-
To preserve the principal's assets for family members
-
To avoid unnecessary suffering on the part of loved ones
-
To ensure that the principal will receive tube feeding if incapacitated with no hope of recovery
-
Both a and b
Pregunta 45
Pregunta
A condition of patients with severe brain damage in whom a coma has progressed to a state of wakefulness without detectable awareness.
Respuesta
-
Health Care Proxy
-
Persistent Vegetative State
-
Living Will
-
Power of Attorney
Pregunta 46
Pregunta
A written expression of a person's wishes to be allowed to die a natural death and not be kept alive by heroic or artificial methods.
Respuesta
-
Health Care Proxy
-
Persistent Vegetative State
-
Living Will
-
Power of Attorney
Pregunta 47
Pregunta
A written statement authorizing an agent or surrogate to make medical treatment decisions for another in the event of the other's inability to do so.
Respuesta
-
Health Care Proxy
-
Persistent Vegetative State
-
Living Will
-
Power of Attorney
Pregunta 48
Pregunta
A person who authorizes another, as an agent, to represent him or her.
Respuesta
-
Health Care Proxy
-
Persistent Vegetative State
-
Living Will
-
Power of Attorney
Pregunta 49
Pregunta
The famous Terry Schiavo case illustrates the importance of executing which estate planning document?
Respuesta
-
Power of Attorney
-
Last Will and Testament
-
Living Will
-
All of the above
Pregunta 50
Pregunta
A health care proxy does not take effect until or unless the principal becomes unable to make his or her own medical decisions.
Respuesta
- True
- False
Pregunta 51
Pregunta
Powers of attorney generally need only be signed and dated by the principal in order to be effective.
Respuesta
- True
- False
Pregunta 52
Pregunta
Third parties do not have to honor validly executed powers of attorney if they don't want to.
Respuesta
- True
- False
Pregunta 53
Pregunta
A springing power of attorney becomes effective upon the occurrence of a specific event at a future time.
Respuesta
- True
- False
Pregunta 54
Pregunta
A gift in a will that takes place only if a particular event has occurred by the time the maker of the will dies.
Respuesta
-
Conditional Bequest
-
Legacy
-
Specific Bequest
-
Executory Bequest
Pregunta 55
Pregunta
A will that is written completely in the handwriting of the testator and signed and dated by the maker. Witnesses may or may not be required, depending on state law.
Respuesta
-
Holographic Will
-
Nuncupative Will
-
Pour-over Will
-
Simple Will
Pregunta 56
Pregunta
A will that has been delivered orally to witnesses, as opposed to being written down and executed with the usual formalities.
Respuesta
-
Holographic Will
-
Nuncupative Will
-
Pour-over Will
-
Simple Will
Pregunta 57
Pregunta
A will drafted for a person who has already executed a living trust that leaves all remaining property to the trust.
Respuesta
-
Holographic Will
-
Nuncupative Will
-
Pour-over Will
-
Simple Will
Pregunta 58
Pregunta
A will that does not contain tax planning language.
Respuesta
-
Holographic Will
-
Nuncupative Will
-
Pour-over Will
-
Simple Will
Pregunta 59
Pregunta
A residuary clause a clause included in a will in order to prevent the disinherited individual from contesting the probate of the will, resulting in delays and additional administrative expenses for the estate.
Respuesta
- True
- False
Pregunta 60
Pregunta
The primary purpose of executing a will is to control the disposition of one's assets after death.
Respuesta
- True
- False
Pregunta 61
Pregunta
The requirements for due execution of a will vary by state, but most states require that, at a minimum, the will is written, signed and dated by the maker, and attested and signed by two witnesses.
Respuesta
- True
- False
Pregunta 62
Pregunta
After all other bequests have been made under a will, which clause is used to distribute whatever assets remain?
Respuesta
-
No content provision
-
Residuary Clause
-
Option to purchase property
-
Testamentary trust
Pregunta 63
Pregunta
In the revocation clause, the testator states that he or she revokes all prior wills and codicils.
Respuesta
- True
- False
Pregunta 64
Pregunta
What type of will is written completely in the handwriting of the testator and signed and dated by the maker?
Respuesta
-
Nuncupative Will
-
Pour-over Will
-
Simple Will
-
Holographic Will
Pregunta 65
Pregunta
Which of the following wills accompanies a revocable living trust?
Respuesta
-
Pour-over Will
-
Nuncupative Will
-
Holographic Will
-
Simple Will
Pregunta 66
Pregunta
Majority age is twenty-one (21) in most states, but is age eighteen (18) in a minority of states.
Respuesta
- True
- False
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