Which of the following is true?

I. An IRA with a properly named beneficiary is not subject to the probate process.

II. The distribution of a joint account at the first death is not subject to the probate process.

Select one:

a.

I only

b.

II only

c.

I and II

d.

Neither is true

2.

True or False a will accomplishes all of the following:

I. Names an executor

II. Names guardians for the minor children

III. Avoids probate

Select one:

a.

True

b.

False