What is the difference between abatement and ademption?
What will be an ideal response?
o Abatement means handed down from an ancestor. In estate planning, abatement refers to a reduction in the sums or gifts to a beneficiary to pay the taxes and debts of the estate.
o Ademption (extinction) is what happens when property left to a beneficiary, is disposed of before the testator’s death. If the property is not part of the testator’s estate at the time of his or her death is said to adeem by extinction.
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Discuss the three phases of the formal probate process.
What will be an ideal response?
The 341 meeting is optional
Indicate whether the statement is true or false
For an action in misrepresentation, plaintiff has to show that the inaccurate information was
A) substantial B) unreasonable C) designed to induce reasonable reliance D) intentionally provided
isan out-of-court statement offered asevidence.
Fill in the blank(s) with the appropriate word(s).