Module 2 - #1 Assets & Liabilities

Question 1

What should a “or” due with the assets of the estate

Answer 1

take possession of estate or portion for which u are in charge of

Question 2

Bar access to other people who make attempt to take assets

Answer 2

do asap

Question 3

What to do with liabilities

Answer 3

if u can’t recover assets that have gone missing, file petition w court to remove asset from inventory

Question 4

“OR’ has requirement to diversify estate

Answer 4

so estate doesn’t suffer financial catasrophe

Question 5

Special Needs Trust case mgr

Answer 5

Trustee may pay the fees of the case mgr

Question 6

Can a Conservatorship use a case mgr

Answer 6

must petition the court