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Law-Wills and Probate

Authored by Colm Barcoe

Other, Business

1st Grade - University

Used 4+ times

Law-Wills and Probate
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Probate Office is part of the High Court. Its main function is to give lawful authority to deal with a deceased person's estate.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In some estates, a Grant of Probate is issued within months of the testator's death. More typically, however, it will take three weeks.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In Ireland, there is also a concept known as the Executor's Year. This gives the executor 12 months to distribute the estate, starting from the date of the testator's death.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process of selling the house can not begin before the Grant of Probate is in place – the property can be put up for sale

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A sale can't close until the Grant of Probate is secured.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A fee of 2% of an estate worth 400k would be €8,000.00 plus vat @ 23%- €1,840.00 = €9,840.00 plus outlays

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is vital on someone's death that the executors don't obtain Probate as you have no legal authorisation to sell a property before Probate is granted, unless your name is already on the title deeds.

True

False

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