wills and estates ch 5 Questions with 100% Verified Answers
Latest Update
Question: Answer:
A written document that leaves the estate of the individual will
who signed the will to the named persons or entities.
Question: Answer:
A ___ only disposes of property following the maker's death, will
and can be revoked or amended at any time while the maker
is still alive.
Question: Answer:
the primary purpose of executing a will is to: 1. dispose of one's assets after death
2. appoint a legal guardian for children
Question: Answer:
some states permit individuals to appoint guardians over true
themselves under their will in the event they become
incapacitated and in need of a guardian.
Question: Answer:
To die without a valid will. intestate
Question: Answer:
state laws that determine who will inherit the property of intestate succession statutes
person who dies without a valid will
Question: Answer:
A general term for the entire process of administration of probate
estates of dead persons, including those without wills, with
court supervision.
, Question: Answer:
in order to execute a will, a person must have ___ ___ and be of legal capacity, sound mind
__ ___
Question: Answer:
The age of majority at which a person acquires the capacity to legal capacity
make a valid will. Majority age is eighteen (18) in most states,
but is twenty-one (21) in a minority of states.
Question: Answer:
Having the mental capacity to execute a document, such as a sound mind
will. Sound mind is the normal condition of the human mind,
not impaired by insanity or other mental disorders.
Question: Answer:
The act of witnessing a signature for the purpose of declaring attestation
that the will was properly signed and declared by the signer
to be his or her signature.
Question: Answer:
a man who executes a will testator
Question: Answer:
a female who executes a will testatrix
Question: Answer:
generally do not include tax planning language and for that simple wills
reason are referred to as "simple" by legal professionals. Tax
planning is often done to reduce tax liability upon death for
sizeable estates. ___ ____do not contain tax planning language.
Question: Answer:
A trust created by a written declaration during the lifetime of revocable living trust
the creator that can be amended or revoked during the
creator's lifetime
Latest Update
Question: Answer:
A written document that leaves the estate of the individual will
who signed the will to the named persons or entities.
Question: Answer:
A ___ only disposes of property following the maker's death, will
and can be revoked or amended at any time while the maker
is still alive.
Question: Answer:
the primary purpose of executing a will is to: 1. dispose of one's assets after death
2. appoint a legal guardian for children
Question: Answer:
some states permit individuals to appoint guardians over true
themselves under their will in the event they become
incapacitated and in need of a guardian.
Question: Answer:
To die without a valid will. intestate
Question: Answer:
state laws that determine who will inherit the property of intestate succession statutes
person who dies without a valid will
Question: Answer:
A general term for the entire process of administration of probate
estates of dead persons, including those without wills, with
court supervision.
, Question: Answer:
in order to execute a will, a person must have ___ ___ and be of legal capacity, sound mind
__ ___
Question: Answer:
The age of majority at which a person acquires the capacity to legal capacity
make a valid will. Majority age is eighteen (18) in most states,
but is twenty-one (21) in a minority of states.
Question: Answer:
Having the mental capacity to execute a document, such as a sound mind
will. Sound mind is the normal condition of the human mind,
not impaired by insanity or other mental disorders.
Question: Answer:
The act of witnessing a signature for the purpose of declaring attestation
that the will was properly signed and declared by the signer
to be his or her signature.
Question: Answer:
a man who executes a will testator
Question: Answer:
a female who executes a will testatrix
Question: Answer:
generally do not include tax planning language and for that simple wills
reason are referred to as "simple" by legal professionals. Tax
planning is often done to reduce tax liability upon death for
sizeable estates. ___ ____do not contain tax planning language.
Question: Answer:
A trust created by a written declaration during the lifetime of revocable living trust
the creator that can be amended or revoked during the
creator's lifetime
