The Process of Proving and Validating a Will and Settling

question 85

Multiple Choice

The process of proving and validating a will and settling matters pertaining to the administration of a decedent's estate, guardianship of a decedent's children, and similar matters is called

• A) estate planning.
• B) probate.
• C) intestacy.
• D) estate execution.

---

Definitions:

Statute of Limitations

A law that sets the maximum period one can wait before filing a lawsuit, depending on the type of case or claim.

Consideration

The value (such as money, services, or goods) that is exchanged between parties in a contract, serving as the essential reason for a party entering into a legal agreement.

Binding Requirement

A legal or formal obligation that parties must adhere to.

Undue Influence

The excessive pressure or influence exerted by one person over another to persuade or coerce them into making decisions that may not be in their best interest.