Future Business Leaders of America (FBLA) Business Law Practice Exam

What process is involved in validating a will?

1. Testamentary proceedings

2. Probate

3. Estate planning

4. Arbitration

The correct answer is: Probate

The correct response is probate, which is the legal process that involves validating a will after the testator's (the person who created the will) death. During probate, the court examines the will to ensure that it meets all legal requirements and confirms its authenticity. This process also includes addressing any potential disputes regarding the will, appointing an executor to carry out the instructions laid out in the will, and overseeing the distribution of the deceased’s assets according to the terms specified. Testamentary proceedings refer to the broader category of legal processes related to wills and estates but do not specifically denote the validation of a will. Estate planning encompasses the preparation of legal documents like wills but involves more comprehensive planning of how one's assets will be managed and distributed in the future, rather than the process that occurs after death. Arbitration is a form of alternative dispute resolution often used in contractual disagreements and does not relate to the validation of a will.