last will and testament - Answers written, legal document expressing intent on what you want
done with your possessions; only effective after your death
two witnesses to
1. sign
2. signature has to be notarized - Answers two requirements for the last will and testament to
be legal?
must be rewritten and signed - Answers what must happen if the last will and testament is
revoked?
- Probate of will - Answers document is presented to the court to confirm it is a valid will; will
upon death
- 7 months - Answers about how long does it take to go through a probate of will?
executor - Answers handles estate process of will
6 months - Answers how long is the claims period (where the estate stays open)?
Letters Testamentary - Answers document received by person appointed as executor & signifies
the estate is open
bond and inventory - Answers if the will is in place, what 2 things are not required?
inventory - Answers documentation of assets
bond - Answers insurance policy securing the estate
when there is no will upon death - Answers when is the administration of the estate used?
Administration of the estate/interstate - Answers submit bond and file inventory;
estate goes in newspaper
administrator - Answers handles estate process
letters of administration - Answers document received to appoint administrator and opens
estate
the distribution is not your choice, the spouse and others gets a percentage - Answers what
happens to your belongings if there is no will upon death?
Power of Attorney - Answers legal written document that appoints someone to take care of you
and your assets;
, only effective when you are still alive & have become incapable/ incapacitated;
is revocable
1. Durable (main)
2. Medical - Answers What are the two types of power of attorney?
durable power of attorney - Answers handles everything about me & my affairs/money
medical power of attorney - Answers person who is giving another individual the power to make
health care decisions for them
guardianship - Answers document appoints person to take care of person
Conservatorship - Answers document appoints person to protect assets
the power of attorney - Answers what does guardianship and conservatorship take place
through?
no - Answers are you required to have a living will?
Living Will/Advanced Director/ DNR (do not resuscitate) - Answers Express intent on whether
you want to be kept alive in certain circumstances
DNR - Answers not really done today
Federal Form of Government (10th Amendment) - Answers State and federal gov't share powers
under US Constitution
1. Privileges and Immunities
2. Full Faith and Credit - Answers Clauses under State Power?
1. Commerce - Answers Clause under Federal Power?
Privileges and Immunities Clause - Answers Ensures citizens in every state the same privileges;
businesses also
Full Faith and Credit Clause - Answers assures citizens that our legal documents & records are
given the same faith/credit state to state;
civil matters only
Commerce Clause - Answers gives fed gov't the power to regulate all commerce (good and
services) that cross state lines
Interstate Commerce - Answers trade between two or more states