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Paralegal Knowledge Exam - Estate Planning & Probate questions and answers

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Paralegal Knowledge Exam - Estate Planning & Probate questions and answers

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Paralegal Knowledge Exam - Estate
Planning & Probate questions and
answers

Estate Planning - correct answer ✔✔ A process in which a property owner decides, before
death, how their property will be transferred to others.



Probate - correct answer ✔✔ The process of proving the validity of a will and ensuring that the
instructions in a valid will are carried out.



Will - correct answer ✔✔ A set of instructions made by a person regarding how to divide or
otherwise dispose of their property in the event of their death. It must be in writing (with some
exceptions), witnessed by a specified number of persons (usually at least two), have a viable
beneficiary, and in some states be published in order to be considered valid.



Testator - correct answer ✔✔ The person who makes a valid will. They must be of sound mind
and sign the will for it to be considered valid



Intestate - correct answer ✔✔ If a person dies without making a valid will, they are considered
this, and their property is distributed under state statutes, which means their property may go
to the state depending on which one their property was in.



Executor - correct answer ✔✔ The personal representative named in a will to settle the affairs
of the decedent.



Decedent - correct answer ✔✔ Deceased, used in estate law.

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