Need help with my Business question – I’m studying for my class.
I have the answer for the questions but I need to make it short and Arranges that
make it short as high shool that is mean easy answer but it most be courect
U.S.A estate planning
1. Mindy is married to Mork, but she wants to get a divorce. Mindy asks you to explain how community and separate property works. Give Mindy your best explanation.
2. Explain the difference between dying testate, intestate, and partially intestate.
3. What is the probate process?
4. Give an example of a non-probate asset and a probate asset. Explain your answer.
5. Explain the difference between an irrevocable trust and a revocable trust.