Uncle Francis died recently leaving two nieces, Emily and Esther. Uncle Francis died owning the following property: A house he inherited from his parents A new car A life insurance policy on his own life. Emily and Esther were named as 50%-50% beneficiaries under the policy on a beneficiary designation form A 401(k) (retirement) plan without a listed beneficiary (He forgot to complete one way back when he opened the account) Uncle Francis's will left the house to Emily and the car to Esther. He did NOT have a residuary clause. Which of the following statements is correct? A). All assets will be transferred via the will B). Some of the assets will be transferred via the state's intestate succession laws, some assets will transfer via the will, and some will transfer outside the probate process C). All assets will be transferred via the state's intestate succession laws D). Some assets will be transferred via the will and the remaining assets will transfer outside the probate process .

1. Uncle Francis died recently leaving two nieces, Emily and Esther. Uncle Francis died owning the
following property:
A house he inherited from his parents
A new car
A life insurance policy on his own life. Emily and Esther were named as 50%-50% beneficiaries
under the policy on a beneficiary designation form
A 401(k) (retirement) plan without a listed beneficiary (He forgot to complete one way back
when he opened the account)
Uncle Francis's will left the house to Emily and the car to Esther. He did NOT have a residuary
clause. Which of the following statements is correct?
A). All assets will be transferred via the will
B). Some of the assets will be transferred via the state's intestate succession laws, some assets
will transfer via the will, and some will transfer outside the probate process
C). All assets will be transferred via the state's intestate succession laws
D). Some assets will be transferred via the will and the remaining assets will transfer outside the
probate process