Fiqh MCQs

Wills and Inheritance MCQs with Answer

The following are Wills and Inheritance MCQs with answers related to Islamic Studies. We have arranged the most important and repeated MCQs in all the competitive examinations. The students can clear their concepts for Wills and Inheritance MCQs online quiz by attempting these.

Wills and Inheritance Online MCQs with Answers

What is a will?
a) A legal contract
b) A financial statement
c) A healthcare directive
d) A written document expressing a person’s wishes for the distribution of their property after death.

Answer
d

Which term refers to a person who creates a will?
a) Beneficiary
b) Testator
c) Executor
d) Grantor

Answer
b

What is an executor in the context of a will?
a) A person who inherits the property
b) A witness to the will
c) A court-appointed representative to oversee the will’s execution
d) A lawyer who drafts the will

Answer
c

What is intestacy?
a) A type of trust
b) Dying with a valid will
c) Dying without a valid will
d) An estate tax

Answer
c

What is a codicil?
a) A legal term for a will
b) A trust document
c) An amendment to a will
d) A list of beneficiaries

Answer
c

What does “per stirpes” mean in inheritance?
a) Equally divided
b) According to the spouse’s wishes
c) By representation
d) Based on age

Answer
c

Which document specifies medical treatment preferences in case of incapacitation?
a) Power of attorney
b) Living will
c) Beneficiary designation
d) Last will and testament

Answer
b

What is the purpose of a revocable living trust?
a) Reduce estate taxes
b) Appoint guardians for minor children
c) Avoid probate
d) Distribute assets to charity

Answer
c

What is the “elective share”?
a) A portion of the estate a surviving spouse is entitled to
b) A donation to a charitable organization
c) A specific gift in a will
d) The estate tax rate

Answer
a

What is a “no-contest clause” in a will?
a) A provision to avoid disputes among beneficiaries
b) A requirement for witnesses to the will
c) A clause specifying funeral arrangements
d) A clause excluding certain relatives from inheritance

Answer
a

Which type of will is handwritten by the testator?
a) Nuncupative will
b) Holographic will
c) Digital will
d) Oral will

Answer
b

What is a “testamentary trust”?
a) A trust created during the testator’s lifetime
b) A trust established after the testator’s death through a will
c) A trust that includes real estate
d) A trust that benefits creditors

Answer
b

What happens if a beneficiary predeceases the testator?
a) The estate is distributed to the surviving beneficiaries
b) The beneficiary’s share goes to the deceased beneficiary’s heirs
c) The executor inherits the beneficiary’s share
d) The beneficiary’s share is donated to charity

Answer
b

What is the “slayer rule”?
a) A rule about distributing assets equally among heirs
b) A rule preventing criminals from inheriting from their victims
c) A rule that only blood relatives can inherit
d) A rule that invalidates wills written by attorneys

Answer
b

What is the purpose of the “residuary clause” in a will?
a) Name beneficiaries of specific items
b) Appoint an executor
c) Distribute assets not covered by other provisions
d) Specify funeral arrangements

Answer
c

What is the estate tax exemption limit?
a) $100,000
b) $1,000,000
c) $5,000,000
d) $11,700,000 (2021 value)

Answer
d

What is a “pour-over will” used for?
a) To distribute assets immediately after death
b) To avoid probate
c) To name a guardian for minor children
d) To transfer assets into a trust upon death

Answer
d

What is the primary purpose of an “irrevocable trust”?
a) To retain control over assets during the testator’s lifetime
b) To minimize estate taxes
c) To avoid court involvement in estate distribution
d) To distribute assets equally among beneficiaries

Answer
b

Which family relationship typically results in the highest priority for inheritance?
a) Siblings
b) Nieces and nephews
c) Spouse
d) Cousins

Answer
c

What is the “inclusionary clause” in a will?
a) A clause specifying the inclusion of a charitable organization as a beneficiary
b) A clause that makes the will public
c) A clause that includes all relatives as beneficiaries
d) A clause that prevents certain individuals from contesting the will

Answer
a

What does “testate” mean?
a) Dying without a will
b) Dying with a will
c) Appointing an executor
d) Contesting a will in court

Answer
b

What is the purpose of a “guardianship clause” in a will?
a) To appoint a guardian for minor children
b) To assign guardians for pets
c) To appoint an executor
d) To establish a trust fund

Answer
a

What is the “testamentary capacity”?
a) The ability to write a will by hand
b) The ability to witness a will
c) The legal and mental capacity to create a valid will
d) The ability to contest a will

Answer
c

What does a “living will” primarily address?
a) Distribution of assets after death
b) Medical treatment preferences
c) Funeral arrangements
d) Guardianship for minor children

Answer
b

What is the purpose of a “life estate”?
a) To establish a trust
b) To provide income during retirement
c) To allow a person to live in a property until their death
d) To distribute assets equally among heirs

Answer
c

What is the “rule against perpetuities”?
a) A rule that prevents property from being inherited by remote descendants
b) A rule that allows property to be held in trust indefinitely
c) A rule that only allows close relatives to inherit
d) A rule that limits the number of beneficiaries in a will

Answer
a

What is a “pretermitted heir”?
a) A beneficiary who contests the will
b) A beneficiary who receives a smaller share than expected
c) A beneficiary who is born after the will is created
d) A beneficiary who is not related to the testator

Answer
c

Which type of property is typically NOT included in a will?
a) Real estate
b) Bank accounts with designated beneficiaries
c) Personal belongings
d) Outstanding debts

Answer
b

What is the primary purpose of a “living trust”?
a) To provide financial support to beneficiaries after death
b) To avoid estate taxes
c) To manage assets during the testator’s lifetime and distribute them after death
d) To contest a will in court

Answer
c

What is a “trustee” in the context of a trust?
a) The person who creates the trust
b) The attorney who oversees the trust
c) The court-appointed executor
d) The person responsible for managing and distributing trust assets

Answer
d

Which document grants authority to someone to make financial decisions on behalf of the testator?
a) Living will
b) Power of attorney
c) Health care proxy
d) Trust agreement

Answer
b

What is a “beneficiary designation”?
a) A list of potential witnesses to the will
b) A list of heirs in order of priority
c) A list of individuals who receive assets directly, bypassing the will
d) A list of charitable organizations to benefit from the estate

Answer
c

What is “probate”?
a) A legal process of distributing assets according to a will
b) The process of challenging a will’s validity
c) A document naming beneficiaries of an estate
d) A process to create a living trust

Answer
a

What is the purpose of an “heirloom list” in a will?
a) To specify beneficiaries of a trust
b) To list valuable assets to be sold
c) To distribute personal belongings not covered by the will
d) To identify the testator’s favorite relatives

Answer
c

What is a “disclaimer” in estate planning?
a) Rejecting an inheritance to minimize taxes
b) Disputing a will’s validity in court
c) Transferring assets into a living trust
d) Appointing a guardian for minor children

Answer
a

What is the purpose of an “incorporation by reference” clause in a will?
a) To include additional pages in the will
b) To refer to another document as part of the will
c) To establish a trust for minor beneficiaries
d) To include foreign assets in the will

Answer
b

What is the primary goal of “asset protection” in estate planning?
a) To minimize estate taxes
b) To protect assets from creditors and lawsuits
c) To ensure charitable donations
d) To distribute assets equally among beneficiaries

Answer
b

What is a “community property” state?
a) A state where all property is owned by the government
b) A state where spouses share ownership of property acquired during marriage
c) A state where property can only be inherited by blood relatives
d) A state where only one person can own property at a time

Answer
b

Which term refers to a person who receives assets from a will?
a) Executor
b) Beneficiary
c) Trustee
d) Guardian

Answer
b

What is a “devise” in estate law?
a) A transfer of real property through a will
b) A transfer of personal property through a trust
c) A transfer of assets through a power of attorney
d) A transfer of assets without legal documentation

Answer
a

What is a “fiduciary duty”?
a) A legal requirement to disclose all assets in a will
b) A legal obligation to act in the best interests of another party
c) A legal requirement for witnesses to a will
d) A legal obligation to distribute assets equally among beneficiaries

Answer
b

What is “estate planning”?
a) The process of creating a will
b) The process of managing assets during one’s lifetime
c) The process of ensuring equal inheritance for all heirs
d) The process of arranging for the distribution of assets after death

Answer
d

What is a “trust protector”?
a) An attorney who oversees the trust’s execution
b) A person who creates a living trust
c) A court-appointed guardian for minor beneficiaries
d) A person who has the power to modify the trust’s terms in certain circumstances

Answer
d

What is “testamentary intent”?
a) The ability to write a will by hand
b) The mental capacity to create a valid will
c) The ability to contest a will in court
d) The intention of the testator to create a will and dispose of their property

Answer
d

What is “portability” in estate tax law?
a) The ability to transfer assets between family members without tax consequences
b) The ability to change beneficiaries without amending the will
c) The ability to use a deceased spouse’s unused estate tax exemption
d) The ability to contest the will after a certain period

Answer
c

What is the primary purpose of a “generation-skipping trust”?
a) To skip the probate process
b) To provide assets to grandchildren while avoiding estate taxes on their parents
c) To distribute assets to beneficiaries immediately after death
d) To protect assets from creditors

Answer
b

What is “joint tenancy with right of survivorship”?
a) A type of trust agreement
b) A method to transfer property through a will
c) A form of co-ownership where the surviving owner inherits the other owner’s share
d) A clause that prevents beneficiaries from contesting the will

Answer
c

What is a “per capita” distribution in estate law?
a) A distribution based on the testator’s age
b) A distribution to a specific beneficiary
c) An equal distribution among all beneficiaries
d) A distribution to beneficiaries by representation

Answer
c

What is the purpose of a “living will trust”?
a) To manage assets during the testator’s lifetime
b) To distribute assets to beneficiaries immediately after death
c) To establish a trust for charitable organizations
d) To express healthcare preferences in case of incapacitation

Answer
d

What is a “family limited partnership” used for in estate planning?
a) To limit the number of beneficiaries in a will
b) To establish a trust for minor beneficiaries
c) To manage and protect family assets while minimizing estate taxes
d) To contest a will in court

Answer
c

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button