Estate Planning and Probate Quiz well
answered already passed
A trust would not be terminated for which reason? - correct answer ✔✔ The trust terminates
with the passing of the grantor.
Which is a hand-written document that is not created by a lawyer describing the distribution of
a person's property after his or her death? - correct answer ✔✔ holographic will
Who or what grants another party the right to make financial decisions on behalf of a dying
person? - correct answer ✔✔ a power of attorney
If someone dies without a will, the person is said to have died - correct answer ✔✔ intestate
Which type of trust takes effect only upon the death of the grantor? - correct answer ✔✔
testamentary
People can create a document called a ________________ that stipulates their wishes for
prolonged medical care in the event that they are unable to express themselves due to accident
or illness. - correct answer ✔✔ living will
A person who creates a trust in which some or all of his or her property is entrusted to other
people of his or her choice is a - correct answer ✔✔ settlor
The _______ asks a court to be appointed in order to collect assets. - correct answer ✔✔
executor
answered already passed
A trust would not be terminated for which reason? - correct answer ✔✔ The trust terminates
with the passing of the grantor.
Which is a hand-written document that is not created by a lawyer describing the distribution of
a person's property after his or her death? - correct answer ✔✔ holographic will
Who or what grants another party the right to make financial decisions on behalf of a dying
person? - correct answer ✔✔ a power of attorney
If someone dies without a will, the person is said to have died - correct answer ✔✔ intestate
Which type of trust takes effect only upon the death of the grantor? - correct answer ✔✔
testamentary
People can create a document called a ________________ that stipulates their wishes for
prolonged medical care in the event that they are unable to express themselves due to accident
or illness. - correct answer ✔✔ living will
A person who creates a trust in which some or all of his or her property is entrusted to other
people of his or her choice is a - correct answer ✔✔ settlor
The _______ asks a court to be appointed in order to collect assets. - correct answer ✔✔
executor
