What is the main duty of an executor?A.To make sure the beneficiaries do not dispute the willB.To see that the deceased's final wishes are carried outC.To spend the deceased's assets in any way they see fitD.To take custody of children and manage a trust

Why is having a fair and impartial executor important?A.To ensure that assets are divided equallyB.To ensure that the deceased's money is spent fairlyC.To ensure that family disputes are resolved reasonablyD.To ensure that everyone in the family gets what they want

Which of the following statements about the ‘Estate Planning’, ‘Wills’ and ‘Enduring Power of Attorney’ sections of the lecture material are TRUE:An executor of a will is the person who is responsible to make sure that the assets are distributed according to the instructions provided in the will. An executor cannot be a beneficiary of the will.You cannot leave someone your superannuation in your will because you do not directly own your superannuation as an asset. It is held in trust on your behalf. Instead, someone should generally nominate beneficiaries with their superannuation fund directly.Question 9AnswerNeither of the statements are true (both are false)Only statement 1 is trueOnly statement 2 is trueBoth statements are true (neither are false)

What is the purpose of appointing a conservator?A.To protect business interests after you dieB.To care for minor children should their parents dieC.To protect and preserve your most valuable assetsD.To care for and restore estate assets

Notice of Petition for Administration of a Decedent’s Estate where there is a will is mailed to: A. heirs. B. beneficiaries. C. the named executors. D. all of the above.

What is the primary purpose of a living will?A.It ensures that the patient will remain on life support no matter what.B.It spells out the patient's wishes regarding end-of-life care.C.It allows a medical team to make all decisions for the patient.D.It turns over end-of-life care to an executor.SUBMITarrow_backPREVIOUS