Which of the following are characteristics of the probate process? It provides for distribution of property to the ultimate beneficiary in a quick and timely manner. It provides an orderly procedure for the filing and payment of claims. It provides for systematic administration of the decedent's probate estate. It provides for administration of the decedent's estate with the details only available to the public on a strictly need to know basis.
Which of the following are characteristics of the probate process? It provides for distribution of property to the ultimate beneficiary in a quick and timely manner. It provides an orderly procedure for the filing and payment of claims. It provides for systematic administration of the decedent's probate estate. It provides for administration of the decedent's estate with the details only available to the public on a strictly need to know basis.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following are characteristics of the probate process?
- It provides for distribution of property to the ultimate beneficiary in a quick and timely manner.
- It provides an orderly procedure for the filing and payment of claims.
- It provides for systematic administration of the decedent's probate estate.
- It provides for administration of the decedent's estate with the details only available to the public on a strictly need to know basis.
A)
I and II
B)
III and IV
C)
I and IV
D)
II and III
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"With allof the activities and persons involved in the probate process, it is no wonder thta it tends to take a fair amount of time." Probate is NOT Quick. It is orderly and timely. Correct answer is likely II and III.
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