Asked by richard chiem on Jun 23, 2024
Verified
Which of the following is the source of law for regulating the distribution of property upon death?
A) State statutes and common law
B) State statutes only
C) Federal statutes and common law
D) Federal statutes only
Right of Survivorship
A legal principle that ensures property ownership transfer directly to a surviving co-owner or partner without the need for probate upon one's death.
Property Distribution
The division of assets, often occurring in legal contexts such as divorce or estate settlement.
Common Law
An accumulation of non-legislated laws formed from previous court rulings and legal decisions.
- Understand the sources of law that regulate the distribution and management of an estate upon death.
Verified Answer
JD
Jan Daryl MacabioJun 24, 2024
Final Answer :
A
Explanation :
Each state has its own statutes and common law regulating the distribution of property upon death.Legal requirements and procedures may vary from state to state,but many general principles can be stated.
Learning Objectives
- Understand the sources of law that regulate the distribution and management of an estate upon death.