Question 1

Generally,an inheritance may never be renounced.

Accepted Answer

A) True 
 B)False  False

Question 2

Most jurisdictions allow interested parties to act as witnesses to the making of a will.

Accepted Answer

A) True 
 B)False  False

Question 3

When a testator distributes the same amount of money to all of his descendents,the method of gifting is known as:

Accepted Answer

A) Arbitrary and unfair. 
B) Fair and equitable. 
C) Per-Stirpes. 
D) Per-Capita. 
A) Arbitrary and unfair. 
B) Fair and equitable. 
C) Per-Stirpes. 
D) Per-Capita. D

Question 4

Testamentary capacity means that the person making the will must:

Accepted Answer

A) Be of legal age and sound mind. 
B) Be witnessed before two witnesses. 
C) Sign or initial every page. 
D) None of the above. 
A) Be of legal age and sound mind. 
B) Be witnessed before two witnesses. 
C) Sign or initial every page. 
D) None of the above.

Question 5

The person who makes the will is called the Testatum.

Accepted Answer

A) True 
 B)False

Question 6

The legal way to make changes to an existing will is through a[n]:

Accepted Answer

A) Change order. 
B) Amendment. 
C) Codicil. 
D) Power of attorney. 
A) Change order. 
B) Amendment. 
C) Codicil. 
D) Power of attorney.

Question 7

Gifts in will can be specific,general,or residuary.

Accepted Answer

A) True 
 B)False

Question 8

A person on his deathbed may make the following type of will:

Accepted Answer

A) Deathbed will. 
B) Dying declaration will. 
C) Noncupative will 
D) All of the above. 
A) Deathbed will. 
B) Dying declaration will. 
C) Noncupative will 
D) All of the above.

Question 9

In Opperman v.Anderson the court found that the sold stock converted to cash was not an ademption,and allowed Anderson and Baker to have the two bank accounts.

Accepted Answer

A) True 
 B)False

Question 10

Videotape or electronic recording can be used to supplement and strengthen a will.

Accepted Answer

A) True 
 B)False

Question 11

Under the doctrine of ademption,the beneficiary:

Accepted Answer

A) Is redeemed from having to pay estate taxes. 
B) Is allowed to select from the best of the property remaining after all taxes and creditors have been paid. 
C) Renounces claim to inherited property. 
D) Receives nothing. 
A) Is redeemed from having to pay estate taxes. 
B) Is allowed to select from the best of the property remaining after all taxes and creditors have been paid. 
C) Renounces claim to inherited property. 
D) Receives nothing.

Question 12

When two or more testators execute the same instrument as their will,the document is called a[n]:

Accepted Answer

A) Illegal document. 
B) Reciprocal will. 
C) Joint will. 
D) None of the above. 
A) Illegal document. 
B) Reciprocal will. 
C) Joint will. 
D) None of the above.

Question 13

A holographic will is one that is captured in computer memory.

Accepted Answer

A) True 
 B)False

Question 14

A residuary gift means:

Accepted Answer

A) A gift of the top ten percent of the estate holdings. 
B) A portion of every other gift that is handed-out. 
C) A gift of anything left over after everything else has been legally handed out. 
D) All of the above. 
A) A gift of the top ten percent of the estate holdings. 
B) A portion of every other gift that is handed-out. 
C) A gift of anything left over after everything else has been legally handed out. 
D) All of the above.

Question 15

A will must,generally,be attested to by:

Accepted Answer

A) The Testator. 
B) One competent witness. 
C) Two or three competent witnesses. 
D) Evidence of video taping. 
A) The Testator. 
B) One competent witness. 
C) Two or three competent witnesses. 
D) Evidence of video taping.

Question 16

Under the holding In the Matter of the Estate of Reed,Mr.Reed's holographic will was found to be legal.

Accepted Answer

A) True 
 B)False

Question 17

Generally,wills need not be in writing to be valid.

Accepted Answer

A) True 
 B)False

Question 18

The elements that courts examine to determine undue influence include the following:

Accepted Answer

A) The will contains substantial benefit to the beneficiary. 
B) The beneficiary caused or assisted in the execution of the will. 
C) The will has an unnatural disposition of the testator's property. 
D) All of the above. 
A) The will contains substantial benefit to the beneficiary. 
B) The beneficiary caused or assisted in the execution of the will. 
C) The will has an unnatural disposition of the testator's property. 
D) All of the above.

Question 19

A will may be revoked if the testator intentionally burns or tears the will.

Accepted Answer

A) True 
 B)False

Question 20

The person who makes the will is called the:

Accepted Answer

A) Testator. 
B) Testatrix. 
C) Both of the above. 
D) None of the above. 
A) Testator. 
B) Testatrix. 
C) Both of the above. 
D) None of the above.

Generally,an inheritance may never be renounced.

Most jurisdictions allow interested parties to act as witnesses to the making of a will.

When a testator distributes the same amount of money to all of his descendents,the method of gifting is known as:

Testamentary capacity means that the person making the will must:

The person who makes the will is called the Testatum.

The legal way to make changes to an existing will is through a[n]:

Gifts in will can be specific,general,or residuary.

A person on his deathbed may make the following type of will:

In Opperman v.Anderson the court found that the sold stock converted to cash was not an ademption,and allowed Anderson and Baker to have the two bank accounts.

Videotape or electronic recording can be used to supplement and strengthen a will.

Under the doctrine of ademption,the beneficiary:

When two or more testators execute the same instrument as their will,the document is called a[n]:

A holographic will is one that is captured in computer memory.

A residuary gift means:

A will must,generally,be attested to by:

Under the holding In the Matter of the Estate of Reed,Mr.Reed's holographic will was found to be legal.

Generally,wills need not be in writing to be valid.

The elements that courts examine to determine undue influence include the following:

A will may be revoked if the testator intentionally burns or tears the will.

The person who makes the will is called the:

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Exam 10: Wills,Trusts,and Estates

Generally,an inheritance may never be renounced.

Most jurisdictions allow interested parties to act as witnesses to the making of a will.

When a testator distributes the same amount of money to all of his descendents,the method of gifting is known as:

Testamentary capacity means that the person making the will must:

The person who makes the will is called the Testatum.

The legal way to make changes to an existing will is through a[n]:

Gifts in will can be specific,general,or residuary.

A person on his deathbed may make the following type of will:

In Opperman v.Anderson the court found that the sold stock converted to cash was not an ademption,and allowed Anderson and Baker to have the two bank accounts.

Videotape or electronic recording can be used to supplement and strengthen a will.

Under the doctrine of ademption,the beneficiary:

When two or more testators execute the same instrument as their will,the document is called a[n]:

A holographic will is one that is captured in computer memory.

A residuary gift means:

A will must,generally,be attested to by:

Under the holding In the Matter of the Estate of Reed,Mr.Reed's holographic will was found to be legal.

Generally,wills need not be in writing to be valid.

The elements that courts examine to determine undue influence include the following:

A will may be revoked if the testator intentionally burns or tears the will.

The person who makes the will is called the:

The Nature of Law and Critical Legal Thinking

The American Court System

Civil Litigation and Alternative Dispute Resolution

Criminal Law and Ethics

Constitutional Law and Freedoms

Torts and Product Liability

Contracts and E-Commerce

Real and Personal Property

Family Law

Business Organizations

Agency, Employment, and Equal Opportunity Law

Credit, Suretyship, and Bankruptcy

Intellectual Property and Internet Law

Administrative Law, Consumer, Investor, and Environmental Protection

Concepts in Law

Filters