STEP Diploma Practice Questions - Society of Trust and Estate Practitioners (STEP) Diploma in Trusts and Estates (Ireland) Exam - STEP Diploma Practice Questions - Society of Trust and Estate Practitioners (STEP) Diploma in Trusts and Estates (Ireland) Exam

Question 1

Under Section 78 of the Irish Succession Act 1965, which of the following is a strict statutory requirement for the execution of a valid will?

The testator must sign the will in the presence of at least one witness who is a Commissioner for Oaths. The two witnesses must sign and attest the will in the presence of the testator, though not necessarily in the presence of each other. The will must be dated and executed within the state of Ireland to be valid. The executors must sign the will at the foot of each page to demonstrate consent.

Correct Answer:

The two witnesses must sign and attest the will in the presence of the testator, though not necessarily in the presence of each other.

Question 2

What is the legal effect under Section 82 of the Succession Act 1965 if a witness to a will, or their spouse, is named as a beneficiary under that will?

The entire will is rendered void and the estate will distribute under intestacy rules. The gift to the witness or their spouse is void, but the rest of the will remains valid. The gift remains valid provided the total value of the bequest does not exceed €10,000. The gift is valid, but the witness is disqualified from acting as an executor of the estate.

Correct Answer:

The gift to the witness or their spouse is void, but the rest of the will remains valid.

Question 3

According to Section 85 of the Succession Act 1965, in what circumstance is a will automatically revoked by operation of law?

Upon the testator entering into a subsequent marriage or civil partnership, unless the will was made in contemplation of that marriage or civil partnership. Upon the testator getting divorced or obtaining a decree of judicial separation. Upon the birth or adoption of the testator's first child. Upon the testator being declared bankrupt by the High Court.

Correct Answer:

Upon the testator entering into a subsequent marriage or civil partnership, unless the will was made in contemplation of that marriage or civil partnership.

Question 4

A testator dies intestate in Ireland, leaving a surviving spouse and two children. How is the deceased's estate distributed under Section 67 of the Succession Act 1965?

The surviving spouse receives the entire estate, and the children receive nothing. The surviving spouse receives one-half of the estate, and the children share the remaining half equally. The surviving spouse receives two-thirds of the estate, and the remaining one-third is divided equally among the children. The surviving spouse receives one-third of the estate, and the remaining two-thirds is divided equally among the children.

Correct Answer:

The surviving spouse receives two-thirds of the estate, and the remaining one-third is divided equally among the children.

Question 5

Where a testator dies leaving a spouse but no children, what is the surviving spouse's Legal Right Share (LRS) under Section 111 of the Succession Act 1965?

One-third of the net estate. One-half of the net estate. Two-thirds of the net estate. The entire estate up to a value of €500,000, and half of any residue.

Correct Answer:

One-half of the net estate.

Question 1

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Prepare with the STEP Diploma Practice Questions - Society of Trust and Estate Practitioners (STEP) Diploma in Trusts and Estates (Ireland) Exam practice quiz. This question bank includes 100 questions covering ireland, section, trust, succession, and irish. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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STEP Diploma Practice Questions - Society of Trust and Estate Practitioners (STEP) Diploma in Trusts and Estates (Ireland) Exam

This practice set contains 100 questions from the matching question bank and focuses on ireland, section, trust, succession, and irish. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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STEP Diploma Practice Questions - Society of Trust and Estate Practitioners (STEP) Diploma in Trusts and Estates (Ireland) Exam

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