Paralegal Advanced Competency Exam (PACE) Practice Exam

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Study for the Paralegal Advanced Competency Exam (PACE). Utilize flashcards and multiple-choice questions designed to enhance your knowledge of paralegal standards and competencies. Prepare effectively and increase your chances of passing!

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What does the term 'intestate' mean?

Having a valid will in place
Dying without leaving a valid will
Making modifications to a will
Creating a trust to manage property

The correct answer is: Dying without leaving a valid will

The term 'intestate' specifically refers to a situation where an individual passes away without having a valid will in place. This condition leads to the distribution of the deceased's estate according to the laws of intestacy, which vary by jurisdiction. These laws dictate how assets are to be distributed, generally prioritizing close relatives such as spouses, children, or parents. Understanding intestacy is crucial for estate planning, as it ensures that individuals recognize the importance of having a will to express their wishes regarding the division of their property after death.