CLA/CP Exam CLA/CP Estate Planning and Probate Questions and Answers 2

Question 1

Which type of trust becomes irrevocable upon the death of the grantor?

Accepted Answer

Revocable living trust

Answer

Testamentary trust

Answer

Totten trust

Answer

Pour-over trust

Question 2

What is the primary purpose of a no-contest clause in a will?

Accepted Answer

To discourage beneficiaries from challenging the will

Answer

To prevent the executor from modifying distributions

Answer

To ensure equal distribution among heirs

Answer

To waive the probate filing requirement

Question 3

Under the Uniform Probate Code, what is the surviving spouse's elective share percentage of the augmented estate after 15 or more years of marriage?

Accepted Answer

50 percent

Answer

100 percent

Answer

33 percent

Answer

25 percent

Question 4

Which document allows a person to designate someone to make healthcare decisions on their behalf if they become incapacitated?

Accepted Answer

Healthcare power of attorney

Answer

Durable financial power of attorney

Answer

Living will

Answer

Advance directive for mental health

Question 5

What is the legal term for a gift of real property made through a will?

Accepted Answer

Devise

Answer

Bequest

Answer

Legacy

Answer

Ademption

Question 6

In probate proceedings, what is the role of a personal representative who was not named in the will but appointed by the court?

Accepted Answer

Administrator

Answer

Executor

Answer

Trustee

Answer

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