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Examen

LGS Exam 2 Questions with Correct Answers Latest Update 2025/2026

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LGS Exam 2 Questions with Correct Answers Latest Update 2025/2026 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

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LGS Exam 2 Questions with Correct Answers Latest Update 2025/2026

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

Información del documento

Subido en
25 de noviembre de 2025
Número de páginas
5
Escrito en
2025/2026
Tipo
Examen
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$11.49

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