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WGU D363 SECTION 3 ASSESSMENT QUESTIONS WITH 100%
COMPLETE ANSWERS, ALREADY GRADED A+
Ahmed wants to leave the money in his checking account to his niece
upon his death. He wants his niece to get the money without having to
go through a lengthy and expensive legal process. He also does not
want his niece to be able to access his account until his death.
Which type of transfer by contract should he choose?
A) Payable-upon-death
B) A valid will
C) Probate
D) Joint tenancy
A) Payable-upon-death
What is the benefit of naming a beneficiary to accounts?
A) The beneficiary is a co-owner of the account.
B) The beneficiary will pay lower legal fees to gain access to the
account.
C) The beneficiary becomes executor of the deceased's will.
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D) The account will not need to go through probate.
D) The account will not need to go through probate.
How does the partnership theory of marriage rights protect a spouse?
A) Current ownership of property and how it should be distributed after
death is mutually agreed upon by both spouses in a legal document.
B) Ownership of property acquired by one spouse during marriage is
retained by that spouse until it transfers to the other spouse upon
death.
C) Property acquired during marriage but in the name of only one
partner becomes the property of both spouses while both are still
living.
D) Property acquired by one spouse through inheritance or gift
becomes co-owned by the other spouse by law.
C) Property acquired during marriage but in the name of only one
partner becomes the property of both spouses while both are still
living.
Loto wants to create a trust to leave his house to his nephew upon his
death. His goal is to reduce estate taxes for his nephew.
WGU D363 SECTION 3 ASSESSMENT QUESTIONS WITH 100%
COMPLETE ANSWERS, ALREADY GRADED A+
Ahmed wants to leave the money in his checking account to his niece
upon his death. He wants his niece to get the money without having to
go through a lengthy and expensive legal process. He also does not
want his niece to be able to access his account until his death.
Which type of transfer by contract should he choose?
A) Payable-upon-death
B) A valid will
C) Probate
D) Joint tenancy
A) Payable-upon-death
What is the benefit of naming a beneficiary to accounts?
A) The beneficiary is a co-owner of the account.
B) The beneficiary will pay lower legal fees to gain access to the
account.
C) The beneficiary becomes executor of the deceased's will.
, 2|Page
D) The account will not need to go through probate.
D) The account will not need to go through probate.
How does the partnership theory of marriage rights protect a spouse?
A) Current ownership of property and how it should be distributed after
death is mutually agreed upon by both spouses in a legal document.
B) Ownership of property acquired by one spouse during marriage is
retained by that spouse until it transfers to the other spouse upon
death.
C) Property acquired during marriage but in the name of only one
partner becomes the property of both spouses while both are still
living.
D) Property acquired by one spouse through inheritance or gift
becomes co-owned by the other spouse by law.
C) Property acquired during marriage but in the name of only one
partner becomes the property of both spouses while both are still
living.
Loto wants to create a trust to leave his house to his nephew upon his
death. His goal is to reduce estate taxes for his nephew.
