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BARBRI - Wills and Estates Questions and Answers Latest Version Already Passed

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BARBRI - Wills and Estates Questions and Answers Latest Version Already Passed What is the legal term for dying without a valid will? Intestacy What is the document in which a person specifies how their property is to be distributed after death? Will What is a codicil? A formal amendment or addition to a will What happens to a will if the testator gets married after making the will and does not update it? The surviving spouse may be entitled to an intestate share depending on jurisdiction Who is the person named in a will to carry out its terms? Executor 2 Who inherits when someone dies without a spouse, children, or will? Next closest blood relatives under intestate succession What is required for a will to be valid in most jurisdictions? Testamentary capacity, intent, and proper execution with witnesses What is the term for a gift of personal property in a will? Bequest What is the term for a gift of real property in a will? Devise What happens when a specific gift in a will is no longer part of the estate at the time of death? The gift adeems (fails) Can a will be oral? Yes, in very limited circumstances (nuncupative wills), depending on the state 3 If a testator leaves everything to a friend, but then marries and has a child after executing the will, what is the likely result? The omitted child may be entitled to a share of the estate What is it called when two wills conflict? The later valid will typically revokes the prior one What is a holographic will? A will entirely handwritten and signed by the testator, allowed in some jurisdictions Can a minor make a valid will? Generally no, unless emancipated or serving in the military What is a residuary clause in a will? A clause that disposes of property not specifically devised What happens if a beneficiary dies before the testator and no alternate is named? 4 The gift may lapse unless saved by an anti-lapse statute What is the effect of divorce on a will that names the former spouse as beneficiary? In many states, the ex-spouse is treated as if they predeceased the testator What is the rule against perpetuities? An interest must vest, if at all, within 21 years after a life in being at creation What does per stirpes distribution mean? Each branch of the family receives an equal share What does per capita distribution mean? Each living descendant receives an equal share What is the elective share? A surviving spouse’s statutory right to claim a portion of the estate, regardless of the will Can a will be revoked?

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BARBRI - Wills and Estates Questions
and Answers Latest Version Already
Passed

What is the legal term for dying without a valid will?


✔✔Intestacy




What is the document in which a person specifies how their property is to be distributed after

death?


✔✔Will




What is a codicil?


✔✔A formal amendment or addition to a will




What happens to a will if the testator gets married after making the will and does not update it?


✔✔The surviving spouse may be entitled to an intestate share depending on jurisdiction




Who is the person named in a will to carry out its terms?


✔✔Executor

1

,Who inherits when someone dies without a spouse, children, or will?


✔✔Next closest blood relatives under intestate succession




What is required for a will to be valid in most jurisdictions?


✔✔Testamentary capacity, intent, and proper execution with witnesses




What is the term for a gift of personal property in a will?


✔✔Bequest




What is the term for a gift of real property in a will?


✔✔Devise




What happens when a specific gift in a will is no longer part of the estate at the time of death?


✔✔The gift adeems (fails)




Can a will be oral?


✔✔Yes, in very limited circumstances (nuncupative wills), depending on the state

2

,If a testator leaves everything to a friend, but then marries and has a child after executing the

will, what is the likely result?


✔✔The omitted child may be entitled to a share of the estate




What is it called when two wills conflict?


✔✔The later valid will typically revokes the prior one




What is a holographic will?


✔✔A will entirely handwritten and signed by the testator, allowed in some jurisdictions




Can a minor make a valid will?


✔✔Generally no, unless emancipated or serving in the military




What is a residuary clause in a will?


✔✔A clause that disposes of property not specifically devised




What happens if a beneficiary dies before the testator and no alternate is named?


3

, ✔✔The gift may lapse unless saved by an anti-lapse statute




What is the effect of divorce on a will that names the former spouse as beneficiary?


✔✔In many states, the ex-spouse is treated as if they predeceased the testator




What is the rule against perpetuities?


✔✔An interest must vest, if at all, within 21 years after a life in being at creation




What does per stirpes distribution mean?


✔✔Each branch of the family receives an equal share




What does per capita distribution mean?


✔✔Each living descendant receives an equal share




What is the elective share?


✔✔A surviving spouse’s statutory right to claim a portion of the estate, regardless of the will




Can a will be revoked?

4

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