5. Nellie recently executed a power of attorney giving Jessie the power to perform certain tasks. Which

of the following powers given to Jessie would cause the power to be deemed a general power of

appointment?

a. Nellie gave Jessie the power to use Nellies money to pay Nellies creditors.

b. Nellie gave Jessie the power to sell and buy property on Nellies behalf.

c. Nellie gave Jessie the power to use Nellies money to pay Jessies creditors.

d. Nellie gave Jessie the power to make gifts to Nellies heirs and charities

6. Jose recently died with a probate estate of $900,000. He was predeceased by his wife, Guadalupe, and

his daughter, Lucy. He has two surviving children, Pete and Fred. Jose was also survived by eight

grandchildren, Petes three children, Naomi, Daniel, Nick; Freds three children, Heather, Chris and

Steve; and Lucys two children, David and Rachel. Joses will states the following I leave everything

to my three children. If any of my children shall predecease me then I leave their share to their heirs,

per stirpes. Which of the following statements is correct?

a. Under Joses will, David will receive $225,000.

b. Under Joses will, Chris will receive $150,000.

c. Under Joses will, Nick will receive $100,000.

d. Under Joses will, Fred will receive $300,000.

7. Making arrangements to deal with the possibility of physical or mental incapacity is an important area

of estate planning. Which of the following arrangements may be used to deal with such unexpected

incapacity?

1. A springing durable power of attorney.

2. A revocable living trust.

3. Fee simple titling.

4. A living will.

a. 1 only.

b. 2 and 4.

c. 1, 2, and 4.

d. 1, 2, 3, and 4.

8. Which of the following accurately describes a life estate?

a. An interest in property for a specified number of years.

b. An interest in property that ceases upon the death of the owner of the life estate.

c. An undivided interest in property held by two or more related or unrelated persons.

d. A complete interest in property with all the rights associated with outright ownership