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WILLS AND ESTATES Questions with 100% Verified Answers Latest Update

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WILLS AND ESTATES Questions with 100% Verified Answers Latest Update

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WILLS AND ESTATES Questions with 100% Verified Answers
Latest Update

Question: Answer:
Over a lifetime an individual will usually purchase / establish / - home
acquire - car
- savings account
- property in some other form


Question: Answer:
These possessions must be dealt with upon one's death.


Question: Answer:
The legal document that states how you would like your a will.
possessions dealt with is called


Question: Answer:
intestate without a will


Question: Answer:
living trust a trust established while the owner of the trust is still alive


Question: Answer:
trust an estate / other property / money given to a person / institution to
manage


Question: Answer:
will a legal document that explains how a person wishes his property to
be transferred & to
whom it should be transferred upon their death


Question: Answer:
When a person dies, his or her property does not automatically transfer to another person.

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