Trust Admin. and Probate Flashcards

1
Q

Probate

A

The official proving of a will through a court proceeding

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Distribution

A

the action of sharing something out among a number of recipients

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Decedent

A

A person who has died

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Beneficiaries

A

A person who derives advantage from something, especially a trust, will or life insurance policy

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Heirs at law

A

A person who inherits or has a right of inheritance in the property of a person who has died intestate

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Executor

A

The person that adminsters the estate if the decedent dies without a valid wil

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Administrator

A

the person that administers the estate if the decedent dies without a valid will

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Personal Representative

A

A catch-all term for executor or adminisitrator

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Probate Administration

A

is the general administration of a deceased person’s will or the estate of a deceased per son without a will

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Intestate

A

Not having a will before someone dies

How well did you know this?
1
Not at all
2
3
4
5
Perfectly