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Author Archives: Anonymous

Piper’s will leaves all of her property to her husband, Alex…

Piper’s will leaves all of her property to her husband, Alex. If he does not survive her by more than eight months, the property will transfer to Piper’s only daughter, Lorna. Piper dies on May 1 and Alex dies on the following December 1. Of the following statements, which is correct?

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Which of the following documents empowers an administrator t…

Which of the following documents empowers an administrator to act as the agent of a probate court?

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Which of the following are parties to a power of attorney?

Which of the following are parties to a power of attorney?

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Under which of the following circumstances would a decedent…

Under which of the following circumstances would a decedent be considered to have died intestate?

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Eugene is considering having his attorney prepare a springin…

Eugene is considering having his attorney prepare a springing power of attorney in which his gives his friend, Patty, the power to handle his finances. Why should Eugene include such a document in his overall estate plan?

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Pia, age 48 and single, is working with her attorney to prep…

Pia, age 48 and single, is working with her attorney to prepare a will. Pia currently lives in New York, but also owns homes Colorado and Florida, and wineries in California and France. Pia has two children, Patrick (age 30, lives in Minnesota and recently recovered from a gambling addiction), and Pandora (age 22, lives in Washington, D.C. and just graduated from college). Pia’s parents are both deceased, but she is close to her Uncle Albert, who is age 80 and lives nearby in New York. Which of the following is the best choice to serve as Pia’s executor?

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Failure to have an estate plan can lead to:

Failure to have an estate plan can lead to:

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Although he has a vast fortune, Ricky has decided not to pre…

Although he has a vast fortune, Ricky has decided not to prepare an estate plan because he believes that his surviving family members will divide up his assets appropriately. Which of the following is not a risk associated with failing to plan an estate?

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Which of the following documents is used to modify a will?

Which of the following documents is used to modify a will?

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Rosie and her brother Michael decided recently to purchase a…

Rosie and her brother Michael decided recently to purchase an RV together. They both want to use the RV to take their families camping. The price for the RV was $10,000. Since Michael expects to use the RV 60% of the time and Rosie 40% of the time, Michael contributed $6,000 and Rosie contributed $4,000. Their ownership percentage equals their contribution percentage. Which type of property titling must the RV be to reflect their ownership interest?

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