Which Is NOT a General Rule of Distribution Under Most

question 14

Multiple Choice

Which is NOT a general rule of distribution under most states' intestate succession statutes?

• A)If an intestate decedent is survived by a spouse and children who are all born to the surviving spouse and decedent, the spouse receives a lump sum of money and/or a portion of the estate, and the children receive the remainder of the estate equally
• B)If an intestate decedent is survived by a spouse and children, some of whom are not the children of the surviving spouse, the spouse receives a lump sum of money and/or a portion of the estate, and only the children born to both the decedent and the surviving spouse receive the other half of the estate.
• C)If an intestate decedent has no surviving spouse or kindred relatives, the state receives the decedent's property.
• D)If an intestate decedent has no surviving spouse or lineal descendants but is survived by a parent and other collateral relatives, the parent will receive the estate.

---

Definitions:

Compounded Monthly

A method of calculating interest where the interest earned each month is added to the principal, so that the balance doesn't merely grow, it grows at an increasing rate.

Loan Payments

Regular payments made to repay borrowed money, including both principal and interest components.

Loan Papers

Documents associated with a loan, including the agreement, terms and conditions, and any collateral-related paperwork.

Certificates Of Deposit

A type of federally insured savings account that has a fixed interest rate and fixed date of withdrawal, known as the maturity date.