In an Intestate Distribution, Personal Property Is Distributed

question 49

Multiple Choice

In an intestate distribution, personal property is distributed

• A)​under the laws of the state where the property is located.
• B)​under the laws of the state in which the decedent was domiciled.
• C)​directly to the devisee.
• D)​directly to the legatee.

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Definitions:

Coupon Rate

The interest rate paid yearly on a bond, depicted as a percentage of its face value.

Premium On Bonds

The amount by which the selling price of a bond exceeds its face value.

Present Value Factors

The factors used in calculating the present value of a sum of money or a stream of cash flows given a specified rate of return.

Market Rate

The prevailing interest rate available in the marketplace for loans or the return on investment securities, varying based on macroeconomic conditions.