Paragraph Styles AasbCcDdEe AaBbccDdEe e Aa Bbcd Heading 1 AaBbCcD Heading 2 Normal No Spacing (REFER TO SYLLABUS/COURSE OUTLINE FOR INSTRUCTIONS REGARDING TURNING IN THIS ASSIGNMENT; NO EXCEPTIONS OR LATE ASSIGNMENTS WILL BE ACCEPTED). Each Question is valued at 2.5 points (total of 12.5 points available; partial credit may be awarded if a student gives a full explanation but perhaps does not reach the correct conclusion). You may use additional sheets of paper for your answers. 1. Mindy is married to Mork, but she wants to get a divorce. Mindy asks you to explain how community and separate property works. Give Mindy your best explanation. 2. Explain the difference between dying testate, intestate, and partially intestate. 3. What is the probate process? ges: 1 of 2 Words: 9 of 149 AaBbcode AaBbccde Aa Bbcd Normal No Spacing Heading 1 4. Give an example of a non-probate asset and a probate asset. Explain your answer. 5. Explain the difference between an irrevocable trust and a revocable trust. Pages: 2 of 2 Words: 9 of 149 Paragraph Styles AasbCcDdEe AaBbccDdEe e Aa Bbcd Heading 1 AaBbCcD Heading 2 Normal No Spacing (REFER TO SYLLABUS/COURSE OUTLINE FOR INSTRUCTIONS REGARDING TURNING IN THIS ASSIGNMENT; NO EXCEPTIONS OR LATE ASSIGNMENTS WILL BE ACCEPTED). Each Question is valued at 2.5 points (total of 12.5 points available; partial credit may be awarded if a student gives a full explanation but perhaps does not reach the correct conclusion). You may use additional sheets of paper for your answers. 1. Mindy is married to Mork, but she wants to get a divorce. Mindy asks you to explain how community and separate property works. Give Mindy your best explanation. 2. Explain the difference between dying testate, intestate, and partially intestate. 3. What is the probate process? ges: 1 of 2 Words: 9 of 149 AaBbcode AaBbccde Aa Bbcd Normal No Spacing Heading 1 4. Give an example of a non-probate asset and a probate asset. Explain your answer. 5. Explain the difference between an irrevocable trust and a revocable trust. Pages: 2 of 2 Words: 9 of 149