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Quiz A - Chapter 1 and 2 of our textbook

Page history last edited by PBworks 14 years, 3 months ago

Quiz A - Chapter 1 and 2

 

Quiz on Chp. 1 and 2 - Textbook

 

 

1. What are the preliminary steps in settling an estate?

 

2. How long does it take to settle an estate?

 

3. Whate are the common types of property in a simple estate?

 

4. What is the difference between the "gross" and "net" estate?

 

5. List the types of property that need not be probated.

 

6. Where do you obtain a death certificate, and what is one easy way to get one?

 

7. Are safe-deposit boxes seald on the death of the box holder? How do you obtain the contents?

 

8. What does a declaration under Prob. Code ยง13500 provide for? what are the restrictions? what kind of property does it cover, does it not cover?

 

9. If a decedent ides on April 28th, can the estate cash Decedent's Social Security Check for April? for May? and why, or why not?

 

10. What is a "Totten Trust" and how does a beneficiary get the funds released?

 

11. Why are the proceeds of life insurance not part of the decedent's estate?

 

12. When can the Department of Health Services impose a lien to recover medical expenses? and impose a lien on what?

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