Multiple Choice
Which of the following is an advantage of a will?
A) It eliminates complicated procedures
B) The probate of a will is generally quick, easy, and inexpensive.
C) It retains privacy and confidentiality about the decedent's property and beneficiaries.
D) It allows a person to leave property to someone who would not be entitled to inherit under intestate succession
Correct Answer:
Verified
Correct Answer:
Verified
Q1: If a person dies intestate, his or
Q2: MATCHING:<br>-One that is made orally<br>A)succession<br>B)testacy<br>C)statutory will<br>D)legacy and
Q4: A revocable living trust set up by
Q5: States that allow holographic wills generally require
Q6: MATCHING:<br>-Related by blood through a common ancestor<br>A)succession<br>B)testacy<br>C)statutory
Q7: In some states, a homestead allowance may
Q8: MATCHING:<br>-One that is handwritten<br>A)succession<br>B)testacy<br>C)statutory will<br>D)legacy and bequest<br>E)escheat<br>F)nuncupative
Q9: After execution of a will, the testator,
Q10: MATCHING:<br>-Related by marriage<br>A)succession<br>B)testacy<br>C)statutory will<br>D)legacy and bequest<br>E)escheat<br>F)nuncupative will<br>G)holographic
Q11: Abatement can cause the gifts made in