[SOLVED] Estate planing

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[SOLVED] Estate planing
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easy answer for each questions

  • Johnny wants to leave his son his money from his bank account but does not wants the son to have to go through probate to receive it. what should he do?
  • What is the difference between dying testate and dying intestate?
  • What is the difference between tangible personal property and intangible personal property?
  • What is the difference between separate property, community property and quasi community property?
  • What is a codicil? What are the requirements for a valid Codicil?
  • What is a self-proving affidavit? What is its purpose?
  • What is the role of an attorney ad litem in an heirship proceeding?
  • Define right of survivorship and it’s benefits, if any?
  • List 3 common provisions in a will, and their purpose?
  • Why will an executor be appointed in some probate matters and an administrator it others?
  • List three common ways to own separate property in a community property state.
  • What is the difference between a medical power of attorney and a durable power of attorney?
  • List some of the reasons people avoid estate planning.
  • That is the difference between an effective transfer and an efficient transfer?

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