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Wills and Estate Planning Questions with 100% Verified Answers Latest Update

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Wills and Estate Planning Questions with 100% Verified Answers Latest Update

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Wills and Estate Planning Questions with 100% Verified
Answers Latest Update

Question: Answer:
Why estate plan? 1.) direct what happens to your property at the
time of death
2.) help family or friends
3.) support causes that are important to you
4.) take care of responsibilities
5.) provide guidance in matters that are
important to you and that you have knowledge
about (i.e. who will be guardian of children)


Question: Answer:
What are the requirements to make 1.) You must be at least 18 years of age
a will? 2.) You must be of sound mind (testamentary
capacity)


Question: Answer:
What are the requirements for 1.) understands the nature and extent of his/her
testamentary capacity? property
2.) understands the effect of the testamentary
disposition
3.) knows the natural objects of his/her bounty
4.) the will represents his/her wishes


Question: Answer:
What is a holographic will? signature and material portions of the document
must be in testator's handwriting
* does not have to be witnessed

, Question: Answer:
What are the requirements of a document must be in writing and signed by the
will? testator or in testator's name by someone else at
their direction and in his/her conscious state
either:
signed by two witnesses to the testator's signing
or to the testator's acknowledgement of his
signature of of the will
or:
acknowledgement by the testator before a
notary public or other individual authorized by
law to take acknowledgements


Question: Answer:
Testament legal document disposing of one's property


Question: Answer:
Testator person who makes a will


Question: Answer:
Testate having made and left a valid will


Question: Answer:
Intestate having died without a valid will


Question: Answer:
Codicil attachment to a will that alters or amends a
portion of it


Question: Answer:
Revocation cancelling an entire existing will


Question: Answer:
Probate court process for validating a will and
distributing the assets of an estate

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