Pennsylvania Auctioneer Practice Exam

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Study for the Pennsylvania Auctioneer Exam with comprehensive questions and answers. Prepare with flashcards and detailed explanations to ensure success. Get ready for your auctioneer's license!

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What does intestate mean?

Die without a will
Die with a valid will
Inheriting property at an advanced age
State inheritance tax specifics

The correct answer is: Die without a will

Intestate means to die without a will. When someone passes away intestate, it means they did not have a valid will in place to specify how their assets should be distributed. In such cases, state laws determine the distribution of the deceased person's estate among their heirs. Option B, "Die with a valid will," is incorrect because having a will means the person has made clear instructions on how their assets should be distributed upon their death. Option C, "Inheriting property at an advanced age," is not relevant to the term intestate. Option D, "State inheritance tax specifics," does not relate to the concept of intestacy but rather refers to the specifics of state laws regarding inheritance taxes.