Probate Has Some Advantages Over Procedures That Avoid Probate

question 68

Multiple Choice

Probate has some advantages over procedures that avoid probate. Which of the following is an advantage of probate?​

• A)Probate provides an effective method of settling outstanding claims against the deceased person's estate
• B)Probate is generally the fastest and cheapest way to transfer property to heirs.
• C)Probate allows an effective means of allowing the decedent's wishes for burial and donation of internal organs.
• D)Probate is an effective way to reduce fees and taxes.

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Definitions:

Surplus

An excess of production or supply over demand, often leading to lower prices.

Shortage

A market condition where the demand for a good or service exceeds its supply at a particular price.

Bags Per Month

A measurement of quantity, often used to describe the production or consumption rate of bags within a monthly period.

Market Equilibrium

occurs in a market when the quantity supplied equals the quantity demanded, typically represented by the intersection of supply and demand curves.