Ch. 4 Quiz_ FIN-496-10-&-11-&-50-&-51-&-LAW-496-50
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School
Western Carolina University *
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Course
496
Subject
Law
Date
Jan 9, 2024
Type
Pages
4
Uploaded by EarlNeutron13035
Ch. 4 Quiz
Due
Sep 17 at 11:59pm
Points
99
Questions
9
Time Limit
None
Attempt History
Attempt
Time
Score
LATEST
Attempt 1
5 minutes
88 out of 99
Correct answers will be available on Sep 18 at 6am.
Score for this quiz:
88
out of 99
Submitted Sep 18 at 4:13am
This attempt took 5 minutes.
11 / 11 pts
Question 1
Probate is the legal process that performs the function of changing title to
those properties that do not change title some other way.
True
False
11 / 11 pts
Question 2
The probate process often requires the executor or administrator to
advertise the upcoming probate for a statutory period of time in legal
newspapers to give interested parties notice to enter into the process.
True
False
11 / 11 pts
Question 3
One of the advantages of probate is that it allows heirs to receive
inherited property quickly and timely after the decedent's passing.
True
False
11 / 11 pts
Question 4
The probate process protects the decedent's creditors by ensuring that
the debts of the estate are paid prior to distribution to heirs.
True
False
11 / 11 pts
Question 5
The probate process is a private matter, not available in public records.
True
False
11 / 11 pts
Question 6
If a partner of a nontraditional, unmarried couple wishes to pass assets to
the surviving partner, he/she can count on state intestacy laws to include
the significant other.
True
False
0 / 11 pts
Question 7
Incorrect
Incorrect
Life insurance proceeds payable to the decedent pass through the
probate process.
True
False
In essence, the decedent's estate is the beneficiary, thus
requiring assets to go through the probate process.
11 / 11 pts
Question 8
Property titled as tenancy by the entirety will pass through probate for
retitling.
True
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False
11 / 11 pts
Question 9
A bank savings account with a listed pay-on-death beneficiary avoids the
probate process.
True
False
Quiz Score:
88
out of 99