Quiz 4

Question 1

WHAT IS AN ADMINISTRATOR?

Answer 1

THE INDIVIDUAL APPROVED BY THE PROBATE COURT TO ADMINISTER THE EXECUTOR’S ESTATE

Question 2

WHAT IS THE FIRST DUTY OF THE SUCCESSOR TRUSTEE FOLLOWING THE TRUSTOR’S DEATH?

Answer 2

LOCATING THE ORIGINAL FINAL WILL/TRUST

Question 3

WHAT IS AN ESTATE’S TAXPAYER IDENTIFICATION NUMBER?

Answer 3

AN INTERNAL REVENUE SERVICE DOCUMENT THAT IDENTIFIES THE ESTATE

Question 4

WHAT IS AN ADMINISTRATOR PENDENTE LITE?

Answer 4

A ESTATE ADMINISTRATOR TEMPORARILY APPOINTED BY THE PROBATE COURT DURING A WILL CONTEST

Question 5

CAN A PERSONAL REPRESENTATIVE RESIGN FROM HER/HIS POSITION?

Answer 5

YES

Question 6

BEFORE A PERSONAL REPRESENTATIVE CAN RESIGN SHE/HE MUST FIRST

Answer 6

SUBMIT A COMPLETE ACCOUNTING OF THE ESTATE TO THE COURT

Question 7

IF A DECEDENT DIES INTESTATE HOW IS AN ADMINISTRATOR DETERMINED?

Answer 7

BY STATE STATUTE

Question 8

WHICH FEDERAL COURT HEARS PROBATE CASES IN TEXAS?

Answer 8

NONE OF THESE ANSWERS ARE CORRECT

Question 9

WHAT DOES SERVICE OF PROCESS MEAN?

Answer 9

A PROCEDURE USED TO GIVE THE DEFENDANT NOTICE OF A LAWSUIT THAT WAS COMMENCED AGAINST THEM

Question 10

WHY MUST AN ADMINISTRATOR GIVE CREDITORS NOTICE OF THE DECEDENT’S DEATH?

Answer 10

TO ALLOW THEM TO FILE A CLAIM FOR ALL UNPAID AMOUNTS OWED TO THEM AT THE DECEDENT’S DEATH