Free LA Notary Practical Application Questions and Answers

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Scenario: John and Susan want to establish a trust for their minor child, Emily, ensuring she receives funds for her education at the age of 18.
Which of the following should be included in the trust document?

A specific amount of the trust funds to be used for non-educational purposes

The appointment of a trustee to manage the trust until Emily reaches 18

A provision that the trust automatically terminates when Emily reaches 16

A clause disinheriting Emily from any other assets

Correct! Wrong!

Scenario: A married couple, Jack and Jill, own community property in Louisiana. They are considering a legal separation and want to divide their assets. Which document should the notary prepare to formalize this division?

A Marriage Contract

A Partition of Community Property Agreement

A Codicil to a Will

A Donation Mortis Causa

Correct! Wrong!

Scenario: Kevin wants to appoint his brother, Michael, to handle his financial affairs in case he becomes incapacitated.
What type of document should the notary prepare to meet Kevin's needs?

A Living Will

A General Power of Attorney

A Health Care Proxy

An Affidavit of Heirship

Correct! Wrong!

Scenario: Rebecca is selling her vehicle to Mark, and they want to complete the transaction in Louisiana.
What document must the notary prepare and ensure is properly executed?

An Act of Sale for Immovable Property

A Promissory Note

A Bill of Sale

A Power of Attorney

Correct! Wrong!

Scenario: David wants to transfer ownership of his immovable property to his sister, Lisa, but wishes to retain the right to live on the property until his death.
What type of legal instrument should the notary prepare?

A Quitclaim Deed

A Mortgage

A Donation Inter Vivos with Usufruct

A Last Will and Testament

Correct! Wrong!