Explain the difference between probate and non-probate assets.
What will be an ideal response?
Probate assets are all forms of property in a decedent’s estate that require a probate proceeding to distribute them to the proper beneficiaries or heirs. It doesn’t matter if the property has been conveyed by a will, it will still need to go through the probate process. Non-probate assets do not require probate proceedings and titles pass from the decedent’s estate to the beneficiary.
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There are two requirements for almost all crimes. One is that the person has the requisite intent and the other is:
a. knowledge. b. scienter. c. actus reus or action. d. none of the above.
A(n) ________ may also be filed in a bankruptcy matter by the debtor, creditor, or trustee
A) Claim B) Warranty deed C) Adversary proceeding D) None of the above
An example of libel is a false statement communicated by:
a. A letter. b. An e-mail. c. A newspaper. d. All of the above.
Under worker’s compensation schedules, which of the following fingers is considered to be the most “valuable?”
A. Thumb B. First finger C. Second finger D. Fourth, or little finger