Miscellaneous
Multiple Choice
Multiple Choice
Multiple Choice
Multiple Choice
100
Proceeds of a life insurance policy on the decedent are never included as part of the decedent’s taxable estate.
What is FALSE.
100
The opening clause of a will is called the:
What is exordium?
100
Testamentary capacity concerns what?
What is age, mental ability, and intent?
100
The process of selling estate assets to pay estate debts is called:
What is abatement?
100
The attestation is signed by the:
What are witnesses?
200
Another name for an oral will is :
What is a nuncupative will?
200
A document concerning a person’s wishes with respect to life support treatment is called a:
What is a living will?
200
A notary public is required to sign:
What is a self-proving affidavit?
200
A person may revoke a will by:
What is burning the will, tearing the will, or creating a new will?
200
To qualify for Medicare, a person must:
What is be at least 65 years of age and disabled?
300
A document concerning a person’s wishes with respect to life support treatment is called a:
What is a healthcare proxy, living will, or DNR directive?
300
A plenary guardian is appointed to take care of :
What is the person and the property?
300
An alternative to guardianship is:
What is a power of attorney?
300
To qualify for Social Security a person must:
What is be ate least 62 and fully insured?
300
All veterans are entitled to the following benefit:
What is a burial in a VA cemetery and a headstone in the VA cemetery?
400
A paralegal’s duties with respect to estate administration are to:
What is to assist the attorney?
400
In order to operate a decedent’s business during the probate process, a personal representative must obtain:
What is are Interim Letters, Preliminary Letters, and Temporary Letters?
400
The person appoint to represent minor heirs is called:
What is a Guardian ad litem?
400
To open a safe deposit box, the following persons must be present:
What is the personal representative, the bank representative, and the tax official?
400
The primary federal estate tax form is:
What is a 706?
500
Until the estate taxes are paid, the federal government puts a tax lien on the following property:
What is all real estate and co-ops?
500
The federal tax law can be found in:
What is the UCC, Rev. Ruls, Rev. Procs?
500
Retaining incidents of ownership in a life insurance policy includes:
What is the right to change the beneficiary and the right to transfer the policy?
500
A tax imposed on the recipient of property from a decedent is called:
What is an inheritance tax?
500
Funeral expenses may be deducted from:
What is a federal estate tax return and the decedent’s final income tax return
M
e
n
u