CP Probate & Estate Administration 2

Question 1

What is a holographic will under California Probate Code §6111?

Accepted Answer

A will entirely handwritten and signed by the testator without witnesses

Answer

A will witnessed and notarized by a notary public

Answer

A will created on a standardized printed form

Answer

A will that must be filed with the court during the testator's lifetime

Question 2

What is the primary advantage of using a revocable living trust in California estate planning?

Accepted Answer

It allows estate assets to pass to beneficiaries without going through probate

Answer

It eliminates all state and federal estate taxes

Answer

It requires court supervision to ensure proper distribution

Answer

It automatically voids all creditor claims

Question 3

What is the purpose of a 'pour-over will' in California estate planning?

Accepted Answer

To transfer any assets not held in the trust at death into the trust

Answer

To create a brand-new trust immediately upon the testator's death

Answer

To distribute assets equally among all surviving heirs

Answer

To contest the validity of an existing living trust

Question 4

Under California Probate Code, what is the role of the court-appointed probate referee?

Accepted Answer

To appraise the fair market value of estate assets as of the date of death

Answer

To represent the legal interests of minor beneficiaries

Answer

To audit the estate's income tax returns

Answer

To mediate disputes between heirs and creditors

Question 5

What is a conservatorship under California Probate Code?

Accepted Answer

A court-supervised arrangement protecting an incapacitated adult's person and/or finances

Answer

A trust created to manage assets for a minor beneficiary

Answer

A durable power of attorney granted by a family member

Answer

A guardianship arrangement for a child under age 18

Question 6

In California, what document allows a person to designate an agent to make health care decisions if they become incapacitated?

Accepted Answer

Advance Health Care Directive

Answer

Durable Power of Attorney for Finances

Answer

Revocable Living Trust

Answer

Creditor's Claim Form

Question 7

Under California Probate Code §9100, what is the general creditor claim period after the personal representative mails notice to a known creditor?

Accepted Answer

60 days

Answer

30 days

Answer

90 days

Answer

120 days