Ch 11 Wills, Trusts and Estates

Flashcard
•
Business
•
11th Grade - University
•
Hard
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20 questions
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1.
FLASHCARD QUESTION
Front
A living trust is also called a(n):
Back
inter vivos trust
2.
FLASHCARD QUESTION
Front
An attestation clause always begins a will.
Back
False
3.
FLASHCARD QUESTION
Front
A trustee appointed by the court is a: legator, trust officer, trustee ad litem, testator
Back
trustee ad litem
4.
FLASHCARD QUESTION
Front
The attestation clause is:
Back
usually at the end of a will, it provides evidence that execution of a will was observed by witnesses
5.
FLASHCARD QUESTION
Front
A nuncupative will could be a will declared orally by a Roman Catholic nun during her last rites of the church in the presence of priests as long as her wishes are later reduced to writing by those present.
Back
True
6.
FLASHCARD QUESTION
Front
All that a person owns at death is considered:
Back
decedent’s estate
7.
FLASHCARD QUESTION
Front
The judicial act where a will is adjudicated to be valid
Back
probate
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