Question 1

Match the terms with their descriptions:
-Execute

Accepted Answer

A)  One common way to revoke a will 
B)  State statutes governing the distribution of property of people who die intestate 
C)  Taken away 
D)  Law comes into effect when the disposition of the decedents' property depends on who died first 
E)  Addition to an existing will
F) Capable of being revoked
G) Laws stating that murderers cannot inherit from their victims
H) Gift of money
I) To complete or to perform
J) Died before 
A)  One common way to revoke a will 
B)  State statutes governing the distribution of property of people who die intestate 
C)  Taken away 
D)  Law comes into effect when the disposition of the decedents' property depends on who died first 
E)  Addition to an existing will
F) Capable of being revoked
G) Laws stating that murderers cannot inherit from their victims
H) Gift of money
I) To complete or to perform
J) Died before

Question 2

In states where a later marriage revokes a will, if it appears within the will's body that it was made in contemplation of marriage, the will is not revoked.

Accepted Answer

A) True 
 B)False

Question 3

In her will, Ida left to Emily - $50,000, to Mark - a boat, and to Kate - $20,000 which must be paid from the proceeds after the sale of Ida's General Motors stock. Ida gave Emily $20,000 with the intent that such payment is in lieu of the legacy. Ida's boat has been destroyed in a storm, and Ida sold her General Motors stock. Discuss what legacy Ida left to Emily, Mark, and Kate, and what they received after Ida's death.

Accepted Answer

In her will, Ida left to Emily a general

Question 4

Match the terms with their descriptions:
-Slayer statutes

Accepted Answer

A)  One common way to revoke a will 
B)  State statutes governing the distribution of property of people who die intestate 
C)  Taken away 
D)  Law comes into effect when the disposition of the decedents' property depends on who died first 
E)  Addition to an existing will
F) Capable of being revoked
G) Laws stating that murderers cannot inherit from their victims
H) Gift of money
I) To complete or to perform
J) Died before 
A)  One common way to revoke a will 
B)  State statutes governing the distribution of property of people who die intestate 
C)  Taken away 
D)  Law comes into effect when the disposition of the decedents' property depends on who died first 
E)  Addition to an existing will
F) Capable of being revoked
G) Laws stating that murderers cannot inherit from their victims
H) Gift of money
I) To complete or to perform
J) Died before

Question 5

In her will, Nora, an Indiana resident, wants to achieve two goals: 1) leave her beach house to Amanda (but not to Amanda's children), and 2) make sure that her distant relatives will not receive this property under any circumstances. Discuss what should Nora do to achieve her will's goals.

Accepted Answer

If Amanda predeceases Nora, then a lapse

Question 6

To destroy a will usually means more than crossing out its text.

Accepted Answer

A) True 
 B)False

Question 7

In some jurisdictions, if the person receiving the gift is the testator's child, there is a presumption of ademption by extinction.

Accepted Answer

A) True 
 B)False

Question 8

What law prohibits murderers to inherit from their victims?

Accepted Answer

A)  Killer statutes 
B)  Slayer statutes 
C)  Homicide victims statutes 
D)  Victims statutes 
A)  Killer statutes 
B)  Slayer statutes 
C)  Homicide victims statutes 
D)  Victims statutes

Question 9

Reestablishing a will that has been formerly revoked is called ________ a will.

Accepted Answer

The answer of Reestablishing a will that has been formerly...

Question 10

What is a characteristic of a valid codicil?

Accepted Answer

A)  Signed and attested by the testator 
B)  Subscribed in the testator's presence by two or more competent witnesses 
C)  Refer specifically to the existing will so as to identify it 
D)  All of the above 
A)  Signed and attested by the testator 
B)  Subscribed in the testator's presence by two or more competent witnesses 
C)  Refer specifically to the existing will so as to identify it 
D)  All of the above

Question 11

How a will can be revoked by operation of law?

Accepted Answer

A)  By execution of a new will 
B)  By divorce 
C)  By destruction of a will 
D)  All of the above 
A)  By execution of a new will 
B)  By divorce 
C)  By destruction of a will 
D)  All of the above

Question 12

If a will has been destroyed by fire, what could be used in court as evidence of the unrevoked will?

Accepted Answer

A)  Codicil 
B)  New will 
C)  Copy of the signed will 
D)  Testator's statement that he or she had no intention to destroy the will 
A)  Codicil 
B)  New will 
C)  Copy of the signed will 
D)  Testator's statement that he or she had no intention to destroy the will

Question 13

What term describes a will's bequest to a legatee who died before the testator?

Accepted Answer

A)  Lost legacy 
B)  Lapsed legacy 
C)  Forfeited legacy 
D)  Abandoned legacy 
A)  Lost legacy 
B)  Lapsed legacy 
C)  Forfeited legacy 
D)  Abandoned legacy

Question 14

What rule allows the property of each decedent to be distributed as if he or she had survived?

Accepted Answer

A)  Default rule 
B)  Justice rule 
C)  Simultaneous deaths rule 
D)  Equitable rule 
A)  Default rule 
B)  Justice rule 
C)  Simultaneous deaths rule 
D)  Equitable rule

Question 15

How can a particular part of the will be revoked?

Accepted Answer

A)  By lines drawn through a line of text 
B)  By lines drawn through a paragraph 
C)  By lines drawn through a portion of a will 
D)  All of the above 
A)  By lines drawn through a line of text 
B)  By lines drawn through a paragraph 
C)  By lines drawn through a portion of a will 
D)  All of the above

Question 16

All states have adopted a version of the USDA.

Accepted Answer

A) True 
 B)False

Question 17

A gift made in a will may fail when the devisee or legatee dies before the testator.

Accepted Answer

A) True 
 B)False

Question 18

Define a legacy and a devise. Explain what happened to a will if a lapsed legacy or lapsed devise occurs. Identify antilapse statutes.

Accepted Answer

Definition: A legacy is a gift of person

Question 19

The residuary fund of the estate is established by the will's ________ clause.

Accepted Answer

The answer of The residuary fund of the estate is...

Question 20

Slayer statutes are limited to those who are convicted of murder.

Accepted Answer

A) True 
 B)False

Exam 26: Revocation, Lapses, and Ademption

Match the terms with their descriptions: -Execute

In states where a later marriage revokes a will, if it appears within the will's body that it was made in contemplation of marriage, the will is not revoked.

Match the terms with their descriptions: -Slayer statutes

In her will, Nora, an Indiana resident, wants to achieve two goals: 1) leave her beach house to Amanda (but not to Amanda's children), and 2) make sure that her distant relatives will not receive this property under any circumstances. Discuss what should Nora do to achieve her will's goals.

To destroy a will usually means more than crossing out its text.

In some jurisdictions, if the person receiving the gift is the testator's child, there is a presumption of ademption by extinction.

What law prohibits murderers to inherit from their victims?

Reestablishing a will that has been formerly revoked is called ________ a will.

What is a characteristic of a valid codicil?

How a will can be revoked by operation of law?

If a will has been destroyed by fire, what could be used in court as evidence of the unrevoked will?

What term describes a will's bequest to a legatee who died before the testator?

What rule allows the property of each decedent to be distributed as if he or she had survived?

How can a particular part of the will be revoked?

All states have adopted a version of the USDA.

A gift made in a will may fail when the devisee or legatee dies before the testator.

Define a legacy and a devise. Explain what happened to a will if a lapsed legacy or lapsed devise occurs. Identify antilapse statutes.

The residuary fund of the estate is established by the will's ________ clause.

Slayer statutes are limited to those who are convicted of murder.

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