The Probate Estate Consists of All Property Owned by the Decedent

question 65

True/False

The probate estate consists of all property owned by the decedent that is excluded from the gross estate.

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Definitions:

Buffer Solution

A solution that resists changes in pH upon the addition of small amounts of acid or base, typically made from a weak acid and its conjugate base.

Acid

A substance that can donate a hydrogen ion (H+) and usually has a sour taste.

Base

A substance that can accept hydrogen ions (protons) or more generally, donate a pair of valence electrons.

Saponification Reaction

A chemical reaction in which fats or oils react with an alkali to produce soap and glycerol.