Wills Trusts and Estates Administration 5th Edition Herskowitz Test Bank

Description

🌟 Test Bank for Wills, Trusts, and Estates Administration (5th Edition) – Suzan D. Herskowitz

ISBN-10: 0134559851 | ISBN-13: 9780134559858

The Test Bank for Wills, Trusts, and Estates Administration (5th Edition) by Suzan D. Herskowitz provides comprehensive questions, case studies, and real-world scenarios covering every chapter of the textbook. It’s an essential resource for students, paralegals, and legal professionals studying estate law, probate procedures, and trust administration.

🏛️ Table of Contents

1. Purpose and Need for a Will

Learn why wills are essential for property distribution, dependents’ protection, and estate management. Understand the legal importance of having a valid will and how it prevents intestate complications.

2. Property

Explore real, personal, and intangible property classifications. This chapter explains ownership rights, joint tenancy, and the impact of property types on estate planning.

3. Testate or Intestate

Understand the differences between dying testate (with a will) and intestate (without one). Learn about state succession laws, heirs, and distribution of assets.

4. The Will

Detailed analysis of will elements, capacity requirements, witnesses, and execution procedures. Includes examples of valid and invalid wills.

5. Will Preparation and Drafting

Step-by-step guidance on drafting wills. Covers language, clauses, and formalities needed to create clear and enforceable wills.

⚖️ Advanced Legal Topics

6. Advance Directives

Covers living wills, healthcare proxies, and power of attorney—crucial tools for managing medical and financial decisions before death.

7. Planning for Non-Traditional Families

Focuses on estate planning for unmarried partners, blended families, and same-sex couples, ensuring equitable inheritance and protection.

8. Trusts: Elements and Purpose

Introduction to trust law, including creation, management, and termination. Understand trustees’ duties and beneficiaries’ rights.

9. Specialized Trusts and Gifts

Examines charitable trusts, spendthrift trusts, and special needs trusts, along with rules governing inter vivos and testamentary gifts.

10. The Personal Representative

Defines roles and responsibilities of executors and administrators in estate settlement, accounting, and asset distribution.

💼 Estate Administration & Legal Ethics

11. Estate Administration

Outlines the step-by-step probate process, inventory, valuation, and debt settlement.

12. Tax Considerations in Estate Administration

Explains federal estate taxes, inheritance taxes, and income taxation of estates and trusts.

13. The Probate Court and Uniform Laws

Covers the Uniform Probate Code (UPC) and its application across U.S. jurisdictions.

14. Paralegals and Ethics

Highlights the ethical duties of paralegals in estate planning and confidentiality issues.

📚 Appendices

• Appendix A: Important Cases Concerning the Right to Die

• Appendix B: Selected Wills of Famous People

• Appendix C: Key Legal and Estate Planning Websites

• Appendix D: Glossary and Index

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