Exam 40: Wills and Trusts

The debts of a decedent must be satisfied out of his or her estate.

Lani is asked to serve as a witness to Mona's will. To qualify,Lani must be

Under intestacy laws,only when no children or grandchildren survive the decedent will a surviving spouse succeed to the entire estate.

To execute a valid will,a testator must not respond to improper pressure brought by another person.

Lee's will provides for a distribution of Lee's property.Who does these things,and what are the steps involved?

A testator cannot revoke a will by burning it.

A will is a final declaration of how a person desires to have his or her property disposed of after death.

A trustee is a person for whose benefit a trust is held.

A resulting trust is a trust implied in law.

Martha owns a fifty-acre farm.Martha's will states,"I leave five acres to John and five acres to William." This is

Patty creates a formal will designating how she would like her estate distributed after she dies.Patty is a(n)

Don executes a will leaving half of his farm to his spouse Eva and the rest to his sons,Frank and Greg,in equal shares.The will disinherits a third son,Hal.Don and Eva divorce,but Don dies before changing his will.In these circumstances