What is the estate planning method by which a parent may nominate the person or persons they want to be the guardians of their minor children in the event of his or her death?

	A.	A durable power of attorney and health care directive.
	B.	A revocable living trust.
	C.	A beneficiary designation.
	D.	A last will and testament.

If a person dies without a will, without a trust and without a non-probate transfer method, what will happen?

	A.	The property will be transferred to persons identified in a state statute.
	B.	A probate court process will not be required.
	C.	A probate court process will be required.
	D.	A and C.

Harold passes away in October of 2021. At the time of his death, Harold owned a Wells Fargo brokerage account which contained 10,000 shares of Gibraltar Realty stock which he purchased in 1996 for $25,000. Prior to his death, Harold executed a beneficiary designation which provided that his daughter Hazel was to receive all of the proceeds of his Wells Fargo brokerage account. Hazel supplied a death certificate to Wells Fargo and the account was transferred to her. Thereafter, she sold the Gibraltar Realty stock for $100,000. What capital gain must she recognize?

	A.	$66,666.67
	B.	$25,000.
	C.	None.
	D.	$75,000.