1 What is probate and give three examples of how
1. What is probate, and give three examples of how people should transfer assets by contract to avoid probate.
2. Distinguish between probate and nonprobate property.
3. What topics go into a properly drafted will?
4. Distinguish between an irrevocable living trust and testamentary trusts?
5. What is the likelihood of average people paying estate or inheritance taxes?

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