Exam 33: Wills, Intestacy, and Estate Planning

A court-appointed person who manages the estate of a person who died without making a will is called a(n)

A witness to a will must be present when the will is signed or the will is invalid.

In most states, the number of witnesses required for a will to be valid is

At least two witnesses are required for a will to be valid.

The process of establishing the validity of a will is called

After getting married, Rosen made a will in which he left all of his property to his wife. Within the next five years, Rosen and his wife had two children. Ten years after making the will, Rosen died. Who inherits Rosen's estate?

An unwitnessed, handwritten will is invalid.

A gift of specific real property made in a will is known as a

If a person dies without making a will and has no living relatives, that person's estate becomes the property of the state.

If a person dies without making a will, the ____________________ determines how the deceased's property is distributed.

A witness must know that he or she is signing a will and must be familiar with the will's contents.

The final step in administering an estate is called ____________________.

A(n) ____________________ may elect to receive a statutory share of an estate if not left a minimum amount in a will.

Gifts made to charitable and educational institutions are tax-free.

A person who dies without leaving a valid will is said to have died ____________________.

A minor cannot be a witness to a will.

A disposition of a car in a will is called a

One who receives benefits from a trust is called a(n) ____________________.

As a rule, a will made by a mentally ill person is valid.

An amendment to a will is called a(n) ____________________.