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Joe dies with the following assets: a checking account containing $1K owned in Joe's name alone; a savings account containing $2K owned J&S by Joe

Joe dies with the following assets: a checking account containing $1K owned in Joe's name alone; a savings account containing $2K owned J&S by Joe and Joe's spouse, Joe's home in Toledo with a net value of $200K owned in his name alone. What is the value of the probate estate?

A. $1K

B. $203K

C. $200K

D. $3K

E. $4K

F. $201K

QUESTION 2

Matching (10 pts.)

- A. B. C. D. E.

closeness of a blood relationship

- A. B. C. D. E.

siblings of 1/2 blood

- A. B. C. D. E.

step-siblings

- A. B. C. D. E.

per stirpes distribution

- A. B. C. D. E.

per capita distribution

A.

if any of your beneficiaries aren't living at the time of your death, their share of the estate will pass to their descendants.

B.

measured by degree of consanguinity

C.

each person receives an equal share

D.

treated the same as siblings of the whole blood

E.

have virtually no legal standing

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