1. Name three reasons that assets would not be transferred as written in a Will. Discuss and explain.

2. If a person dies Intestate, what does that mean?

3. What is the job an Executor for a will?

4. What is Probate? Discuss and explain when it happens, and the process.

5. What is a Testator? Do they always have the final say?

6. What role do Creditors play in the transfer of assets?

7. What is Escheatment?

8. What is a Life Estate?

9. Give two advantages of a Life Estate.

10. Give two potential problems with a Life Estate.

11. What is a Remainderman in a life estate? Can this be changed?

12. If a person opens a deposit account at a bank and has a POD on them, what does that mean, could it ever be a problem later, and can this be changed?

13. What is the maximum FDIC insurance a bank can provide per tax identification number? Discuss and explain.

14. Can a person who wants more FDIC coverage at a specific bank do anything to increase that coverage? What are other options? What are potential downfalls?

15. What is a Beneficiary of a Will?

16. What are some alternatives to making a Will, but that still make provisions for the beneficiaries to be paid, or to receive assets, upon the death of the owners of the assets? Are they fool proof? Discuss and explain.

17. Give an example of an Estate. Discuss and explain.

18. What is an Intestate Estate? Discuss and explain.

19. If an individual has no will and no heirs, where do the remaining assets go? What is the process, and what does the statute of limitations have to do with it?

20. What is a Right of Survivorship?

21. Name three Financial Instruments, and situations which will not be probated, even if there was no Will, but would still allocate assets to Designated Beneficiaries.