FL BAR EXAM WILLS + TRUSTS MCQ QUESTIONS AND ANSWERS

FL BAR EXAM WILLS + TRUSTS MCQ
QUESTIONS AND ANSWERS
A:kNo,kneitherkthekdisabledkindividualsknorkNumbers,kLLCkhaskstandingktokchallengekFinch'skactions
.k-
kCORRECTkANSWERSkStacykexecutedkaktrustkinstrumentkthatknamedkCompassion,kakcharity,kaskben


eficiarykofkthektrust,kandkherkfriend,kFinch,kasktrustee.kFinchkwaskdirectedktokdistributekincomekfro
mkthektrustktokCompassionkannually.kThekinstrumentkalsokdirectedkFinchktokemploykNumbers,kLLC,k
askthekaccountantkforkthektrust.kCompassionktrainskindividualskwithkdisabilitiesktokacquirekthekskills
kneededktokbekemployed.kFinchkhiredkFigures,kLLP,kaskthekaccountantkforkthektrustkandkfailedktokdist


ributektrustkincomektokCompassionkaskrequired.kConsequently,kCompassionkwaskunablektokcontinu
ektokofferktrainingktokdisabledkindividualskwhokhadkenrolledkinkitskclasses.kThekdisabledkindividualsk
havekfiledkakclasskactionksuitkagainstkFinch,kseekingktokcompelkhimktokmakekthekrequiredkdistributio
n.DokeitherkthekdisabledkindividualskorkNumbers,kLLC,khavekstandingktokchallengekFinch'skactions?



A:kNo,kneitherkthekdisabledkindividualsknorkNumbers,kLLCkhaskstandingktokchallengekFinch'skactions
.



B:kYes,kthekdisabledkindividualskhavekstandingktokchallengekFinch'skactions,kbutkNumbers,kLLCkdoesk
not.



C:kYes,kNumbers,kLLCkhaskstandingktokchallengekFinch'skactions,kbutkthekdisabledkindividualskdoknot
.



D:kYes,kbothkthekdisabledkindividualskandkNumbers,kLLCkhaskstandingktokchallengekFinch'skactions.



D:kNeitherkclaimantkmaykobtainkakcourtkorderkgarnishingkfuturekdistributionskfromkthektrustktokthek
daughter.k-
kCORRECTkANSWERSkInkhiskwillkakfatherkcreatedkakspendthriftktrustkgovernedkbykFloridaklawkforkhisk


daughter.kThektermskofkthektrustkrequiredkthektrusteektokmakekannualkdistributionskofkakspecificka
mountktokthekdaughter.kAfterkherkfather'skdeath,kthekdaughterkwaskinvolvedkinkaktraffickaccidentkwi
thkthekdriverkofkanotherkvehicle.kInkaklegalkactionkbroughtkbykthekotherkdriverkagainstkher,kthekdaug
hterkwaskfoundkliablekandkthekotherkdriverkwaskawardedkdamages.kInkaddition,kakhospitalkbroughtk

,aklegalkactionkagainstkthekdaughterkforkemergencykmedicalkserviceskrenderedktokherkbecausekofkth
ekaccident.kThekhospitalkwaskalsokawardedkakjudgmentkforkthekreasonablekvaluekofksuchkservices.
Maykeitherkclaimantkobtainkakcourtkorderkgarnishingkfuturekdistributionskfromkthektrustktokthekdau
ghter?



A:kBothkclaimantskmaykobtainkakcourtkorderkgarnishingkfuturekdistributionskfromkthektrustktokthekd
aughter.



B:kOnlykthekotherkdriverkmaykobtainkakcourtkorderkgarnishingkfuturekdistributionskfromkthektrustktok
thekdaughter.



C:kOnlykthekhospitalkmaykobtainkakcourtkorderkgarnishingkfuturekdistributionskfromkthektrustktokthek
daughter.



D:kNeitherkclaimantkmaykobtainkakcourtkorderkgarnishingkfuturekdistributionskfromkthektrustktokthek
daughter.



B:kNo,kbecausekterminatingkthektrustkwouldkfrustratekthekintentkofktheksettlor.k-
kCORRECTkANSWERSkAnkindividual,kinkhiskwill,kcreatedkaktrustkforkhiskadultkdaughter.kThektrusteekw


askdirectedktokpayknetkincomekgeneratedkfromkthektrustkprincipalkquarterlyktokthekdaughter.kOnkth
ekdaughter'skdeath,kthektrustkprincipalkwasktokbekdistributedktokakcharity.kThektrustkcontainedkakspe
ndthriftkprovision.Fivekyearsklater,kwhenkthektrustkprincipalkexceededk$1kmillion,kthekdaughterkand
kthekcharitykjointlykpetitioned kakcourtktokjudiciallykterminatekthektrustkonkthekgroundskthatkitkiskinkt


heirkbestkinterest.kTheykpointkoutkthatkeliminationkofkthekreasonablektrustee'skfeeskandkadministra
tivekcostskwouldkfinanciallykbenefitkeachkbeneficiary.kThektrustee,kopposingkthekpetition,kobserved
kthatkthekintentkofktheksettlorkwasktokprovidekthekdaughterkwithkincomekthroughoutkherklife.kThekte


rmskofkthektrustkdoknotkcontainkakprovisionkprohibitingkearlykterminationkofkthektrust.Iskthekcourtkli
kelyktokgrantkthiskpetition?



A:kNo,kbecausekthektrustkcontainskakspendthriftkprovision.

, B:kNo,kbecausekterminatingkthektrustkwouldkfrustratekthekintentkofktheksettlor.



C:kYes,kbecausekbothkthekincomekandkremainderkbeneficiarieskseekktokterminatekthektrust.



D:kYes,kbecausekthektermskofkthektrustkdoknotkcontainkakprovisionkprohibitingkearlykterminationkofkt
hektrust.



A:k$45,000keachktokAlexkandkClark,kasksurvivingkbeneficiarieskofkthekaccount.k-
kCORRECTkANSWERSkAkcouple,kHughkandkWinnie,kmaintainedkakjointkbankkaccountkwithkthekrightko


fksurvivorship.kThekaccountkstatedkthatkitkwaskheldkinktrustkforkthekcouple'skthreekchildren—
Alex,kBeth,kandkClark.kWhilekbothkwerekalive,keachkmadekdepositskintokthekaccount,kbutkneitherkm
adekanykwithdrawals.kAfterkHugh'skdeath,kWinniekmadekak$15,000kwithdrawalkfromkthekaccount,ka
ndkgavekthekmoneyktokBethkforkherktokusektokpaykthektuitionkofkherkdaughter,kDora,ktokattendkakpriv
atekelementarykschool.kWinniekrecentlykdied,ksurvivedkbykAlex,kClark,kandkDora.kThekaccountkbala
ncekisk$90,000.kWinnie'skwill,kwhichkmakesknokmentionkofkthekbankkaccount,kdeviseskherkentirekest
atektokDora.Howkshouldkthekfundskinkthekaccountkbekdistributed?



A:k$45,000keachktokAlexkandkClark,kasksurvivingkbeneficiarieskofkthekaccount.



B:k$30,000keachktokAlex,kClark,kandkDora,kbykvirtuekofksurvivingkWinnie.



C:k$35,000keachktokAlexkandkClark,kandk$20,000ktokDora,ktokaccountkforkthekearlierkwithdrawalkfro
mkthekaccountkforkherkbenefit.



D:k$90,000ktokDora,kperkWinnie'skwill.



D:kOne-halfkeachktokGregkandkGoodkWorksk-
kCORRECTkANSWERSkTomkcreatedkaktestamentaryktrustkinkwhichkhiskonlykchild,kClark,kreceivedkaklif


ekinterestkandkhiskgrandchildren,kGregkandkGail,kreceivedkthekremainderkinterest.kThektermskofkthek
trustknamedkGoodkWorks,kakcharity,kaskthekcontingentkbeneficiarykifkakgrandchildkdidknotksurvivekCl