CLA/CP Exam CLA/CP Estate Planning and Probate Questions and Answers 3

Question 1

Which doctrine prevents a beneficiary who unlawfully caused the decedent's death from inheriting under the will?

Accepted Answer

Slayer rule

Answer

Lapse doctrine

Answer

Doctrine of equitable conversion

Answer

Cy pres doctrine

Question 2

What happens to a specific bequest when the property identified in the will is no longer part of the estate at the time of death?

Accepted Answer

The bequest is adeemed

Answer

The bequest is abated

Answer

The bequest lapses

Answer

The bequest is accelerated

Question 3

Which type of probate proceeding is typically available for estates below a certain value threshold and involves simplified procedures?

Accepted Answer

Summary administration

Answer

Formal probate

Answer

Ancillary probate

Answer

Supervised administration

Question 4

What is the purpose of a self-proving affidavit attached to a will?

Accepted Answer

To eliminate the need for witnesses to testify in court during probate

Answer

To make the will irrevocable after execution

Answer

To waive the requirement for a notary public

Answer

To allow the will to bypass probate entirely

Question 5

In estate planning, what is a qualified terminable interest property (QTIP) trust primarily used for?

Accepted Answer

To provide for a surviving spouse while controlling the ultimate distribution of assets

Answer

To minimize generation-skipping transfer taxes

Answer

To hold life insurance proceeds outside the taxable estate

Answer

To fund charitable donations with an income stream to the donor

Question 6

Which legal concept requires that a testator understand the nature and extent of their property, their natural heirs, and the effect of signing a will?

Accepted Answer

Testamentary capacity

Answer

Undue influence

Answer

Sound mind doctrine

Answer

Fiduciary competence