Deck 10: Wills,Trusts,and Estates

Question 1

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

Answer 1

True

Question 2

The person who makes the will is called the:

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

Answer 2

C

Question 3

Under the doctrine of ademption,the beneficiary:

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.

Answer 3

C

Question 4

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

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

Question 5

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

Question 6

A residuary gift means:

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 7

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

Question 8

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

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 9

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

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

Question 10

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.

Question 11

Generally,an inheritance may never be renounced.

Question 12

Testamentary capacity means that the person making the will must:

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 13

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

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

Question 14

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

Question 15

The person who makes the will is called the Testatum.

Question 16

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

Question 17

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

Question 18

A will must,generally,be attested to by:

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

Question 19

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

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

Question 20

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