Greg dies without a will. His survivors include his spouse Helen and his two children, Irene and John. Under applicable laws, of Greg’s estate, Helen will probably receive
a. nothing
b. one-half
c. everything
d. one-third
Kit has two children, Lea (the eldest) and Merl, both of whom predecease Kit. Lea is survived by a son, Nat, and Merl by two daughters, Opal and Pearl. On Kit’s death, if the estate is distributed per capita
a. Nat will receive the entire estate
b. the grandchildren will each receive one-third of the
estate.
c. the grandchildren will not receive anything
d. Nat will receive one-half of the estate, and Opal and Pearl will
each receive one-fourth
Elizabeth authorizes Frieda to act on Elizabeth’s behalf when she becomes incapacitated. Frieda will be able to write checks, collect insurance proceeds, and otherwise manage Elizabeth’s affairs. This is
a. a durable power of attorney
b. a violation of the law
c. a living trust
d. a living will
Greg dies without a will. His survivors include his spouse Helen and his two children, Irene and John. Under applicable laws, of Greg’s estate, Helen will probably receive
Answer:- d. one-third
Reason:- As per Unified Probate Code, if there are a spouse and two children, then the property will be divided equally between the spouse and the surviving children
Question:- Kit has two children, Lea (the eldest) and Merl, both of whom predecease Kit. Lea is survived by a son, Nat, and Merl by two daughters, Opal and Pearl. On Kit’s death, if the estate is distributed per capita
Answer:- d. Nat will receive one-half of the estate, and Opal and Pearl will each receive one-fourth
Reason:- As per Unified Probate Code, the child of the predeceased children of the deceased person will have the share of his or her parent and the rest of the property will be distributed to other grandchildren equally.
Elizabeth authorizes Frieda to act on Elizabeth’s behalf when she becomes incapacitated. Frieda will be able to write checks, collect insurance proceeds, and otherwise manage Elizabeth’s affairs. This is
Answer:- a. a durable power of attorney
Reason:- Power of attorney is the right given to the other person to act in place of the person
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