How Much Do You Know On The World Of Probate?
10 Questions
| Total Attempts: 110
Questions and Answers
- 1.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.
A – His new wife
- B.
B – His oldest child
- C.
C – Both his children
- 2.How much is the cheapest will you can get?
- A.
A – £24.99
- B.
B – £150
- C.
C – Free
- D.
D – £5.00
- 3.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?
- A.
Her new partner
- B.
Her children
- C.
Her husband
- D.
Her oldest child
- 4.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?
- A.
Yes
- B.
No
- 5.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?
- A.
His sister
- B.
His half brother
- C.
Both his sister and his half brother
- 6.The oldest child is always the executor of a parent's will.
- A.
True
- B.
False
- 7.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?
- A.
His new wife would be entitled to it
- B.
His ex-wife would still be entitled to it
- C.
It would go to whoever it said on his will
- D.
His ex wife and new wife would get half each
- 8.The Bona Vacantia list of unclaimed estates is updated every Thursday.
- A.
True
- B.
False
- 9.What is an insolvent estate?
- A.
An estate worth less than £500
- B.
An estate whose debts exceeds its assets
- C.
Both of the above
- 10.Your spouse is required to tell you of any changes he or she makes to their will.
- A.
True
- B.
False
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