Which of the Following Is True Regarding the Evaluation of a Deceased's

question 35

Multiple Choice

Which of the following is true regarding the evaluation of a deceased's estate for probate purposes?

• A)All capital assets are listed and valued as of the date of death.
• B)All registered assets must be sold and held in liquid securities.
• C)Probate fees are similar in each Province.
• D)The value of your home is never included in probate.

---

Definitions:

Pretrial Negotiations

discussions and agreements made between the parties involved in a legal case with the aim to resolve the matter before it goes to trial.

Out-Of-Court Settlement

An agreement reached between parties in a dispute without the need for a court trial, often involving negotiation or mediation.

Lawsuits

Legal actions brought in court by one party against another seeking redress or enforcement of rights.

Costly

Involving high expenses; something that requires a significant amount of money to purchase or maintain.