How Much Do You Know On The World Of Probate?

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  • 1/10 Questions

    One woman's estate is worth £240,000. She owes £12,000 on a car loan and £27,000 on her mortgage. She dies, leaving her entire estate to her son. Will this debt be written off and her son receive the full share of £240,000?

    • Yes
    • No
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About This Quiz

Explore the intricacies of probate law with our quiz. Learn who inherits in complex family scenarios, understand wills, and grasp estate debts. This quiz tests your knowledge of estate distribution and legal implications, making it relevant for both personal and professional learning.

How Much Do You Know On The World Of Probate? - Quiz

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  • 2. 

    The oldest child is always the executor of a parent's will.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    This statement is false. The oldest child is not always the executor of a parent's will. The choice of executor is typically based on the parent's personal preference and can be any individual chosen by the parent, regardless of birth order.

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  • 3. 

    How much is the cheapest will you can get?

    • A – £24.99

    • B – £150

    • C – Free

    • D – £5.00

    Correct Answer
    A. C – Free
    Explanation
    The explanation for the correct answer C - Free is that it implies that you can obtain a will without any cost or payment. This means that there are no fees or charges associated with acquiring the will, making it the cheapest option among the given choices.

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  • 4. 

    Your spouse is required to tell you of any changes he or she makes to their will.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    Spouses are not legally obligated to inform each other about changes made to their will. While it may be a common practice for spouses to discuss and update their wills together, there is no legal requirement for them to do so. Each individual has the right to make changes to their will without notifying their spouse. Therefore, the statement is false.

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  • 5. 

    A husband and wife break up because the woman has met someone new. They have no children and do not officially get divorced. She's with her new parter for 20 years, has a mortgage with him and three children. She does not leave a will. When she dies, who does her estate go to?

    • Her new partner

    • Her children

    • Her husband

    • Her oldest child

    Correct Answer
    A. Her husband
    Explanation
    When a married couple separates but does not officially get divorced, their legal status remains married. Therefore, the woman's estate would go to her husband upon her death, regardless of the fact that she had met someone new and had children with her new partner. Since she did not leave a will, the laws of intestacy would likely determine that her husband is the rightful heir to her estate.

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  • 6. 

    A man and woman get married and have two children. Sadly, the wife dies, leaving her estate to her husband. He later remarries, but sadly dies too. He didn't leave a will. Who would get his estate, and consequently, his first wives too?

    • A – His new wife

    • B – His oldest child

    • C – Both his children

    Correct Answer
    A. A – His new wife
    Explanation
    In this scenario, since the man did not leave a will, the laws of intestacy would likely come into play. In most jurisdictions, when a person dies without a will, their estate is divided among their closest living relatives according to a predetermined order of priority. In this case, the man's new wife would likely be entitled to a portion of his estate, as she was his legal spouse at the time of his death. The exact distribution would depend on the specific laws of the jurisdiction in which the man lived.

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  • 7. 

    A woman has a son and a daughter in one marriage, and another son in a later marriage. She and her first husband pass away. Her youngest son therefore has a half brother and a half sister. He works for his half brother for his entire career, and because of this, he has no pension. Neither of his siblings have children. His half brother is the first person to pass away, but he doesn't leave a will. Who would be entitled to his estate?

    • His sister

    • His half brother

    • Both his sister and his half brother

    Correct Answer
    A. His sister
    Explanation
    In the absence of a will, the estate of the half brother would typically be distributed according to the laws of intestacy. These laws vary by jurisdiction, but generally, when someone dies without a will, their estate is distributed to their closest living relatives. In this case, the closest living relative of the half brother would be his sister, as they share the same mother. Therefore, his sister would be entitled to his estate.

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  • 8. 

    What is an insolvent estate?

    • An estate worth less than £500

    • An estate whose debts exceeds its assets

    • Both of the above

    Correct Answer
    A. An estate whose debts exceeds its assets
    Explanation
    An insolvent estate refers to a situation where the debts of an estate surpass its assets. This means that the value of the estate is not enough to cover the outstanding debts. In such cases, the estate is unable to meet its financial obligations and may require legal proceedings such as bankruptcy or liquidation to settle the debts.

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  • 9. 

    A man and woman who were married, still have their joint accounts which they used during their marriage, and leave £5000 untouched for years. They have since got divorced and the man happily remarries, writing a will with his new wife. When he dies, what happens to the money in the joint account?

    • His new wife would be entitled to it

    • His ex-wife would still be entitled to it

    • It would go to whoever it said on his will

    • His ex wife and new wife would get half each

    Correct Answer
    A. His ex-wife would still be entitled to it
    Explanation
    In most cases, the money in a joint account belongs to both account holders, regardless of their marital status. Since the man and his ex-wife still have their joint accounts and the money has remained untouched, the ex-wife would still be entitled to it. The man's new wife would not have any claim to the money in the joint account unless it was specified in his will.

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  • 10. 

    The Bona Vacantia list of unclaimed estates is updated every Thursday.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    The Bona Vacantia list of unclaimed estates is not updated every Thursday.

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Quiz Review Timeline (Updated): Mar 28, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 28, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Jan 16, 2014
    Quiz Created by
    TazzGault
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