HPU
BUA 234 -
Estate Planning
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Estate Planning1. What is estate planning?2. What is a will?3. What is an ethical will?4. What is a trust?5. What is probate?6. There are two classes of property: 1) probate property and 2) nonprobate property. Define each.7. List nonprobate means of property disposition—8. Do life insurance proceeds go through the probate process? In other words, are life insurance proceeds part of a person’s estate?9. What is a Durable Power of Attorney (DPOA)?10. What is an Advanced Medical Directive (AMD) which go by various names suchas living will (a narrow form of AMDs which generally speaks only about life-prolonging measures) and health-care power of
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