1. What is probate, and give three examples of how people should transfer assets by contract to...
Question:
2. Distinguish between probate and nonprobate property.
3. What topics go into a properly drafted will?
4. Distinguish between an irrevocable living trust and testamentary trusts?
5. What is the likelihood of average people paying estate or inheritance taxes?
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1 Probate is the court process for distributing the probate assets from a deceased persons estate Pr...View the full answer
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