1. What is the purpose of a family meeting? To determine which family member will serve as executor To reveal financial information to family members To communicate relevant information about the estate plan To introduce family members to the estate attorney

2. Which is NOT a disadvantage of using a preprinted will form? A preprinted will form is easily forged. A preprinted will form might not meet the special needs of the testator. Words on preprinted forms are often crossed out or deleted by ink or type. A preprinted will form is expensive to use. Indicate whether the statement is true or false.

3. Recommending periodic reviews of the will whenever the client's marital status changes constitutes improper solicitation. True False

4. For smaller estates, joint tenancy ownership can prevent additional administration expenses. True False 5. When drafting a final will, the paralegal should: Use legal words and elaborate phrasing whenever possible Erase as many mistakes as necessary Include a residuary clause Make sure all copies of the will are signed

6. What is an annuity? An annual sum that the insured pays to an insurance company as consideration for the insurance contract An alternative that a party to an insurance contract agrees to follow to discharge the agreement A fixed sum to be paid at regular intervals to an insurance policyholder for either a certain or indefinite period The cash reserve that increases each year an insurance policy remains in force as a minimum savings feature 7. The checklist for family data should include all of the following EXCEPT: Mental and physical health of the testator and spouse Full names, addresses, and phone numbers of the participants Tangible personal property, including personal effects and clothing of considerable value Age and marital status of the testator

8. A condition or specific event that must occur before an agreement or obligation becomes binding is: A condition precedent An advancement A condition subsequent A defeasance

9. Which is a government grant that gives an inventor an exclusive right to make, use, and sell an invention? Royalty Copyright Receivable Patent

10. Which type of checklist will include a "Patents" heading? Family data Family advisers Assets and liabilities Life insurance data

11. Which is tangible personal property? Cash Automobiles Stocks and bonds A vacation home

12. An agreement or contract to sell real property on an installment basis is: A mortgage A promissory note An installment purchase A contract for deed Indicate whether the statement is true or false.

13. Checklists should be used to collect information during the initial interview. True False 14. The paralegal should familiarize the client with the taxes imposed on a decedent's estate and give legal advice about how to minimize them. True False

15. A spouse can be legally disinherited, but a child cannot. True False