Ch 11 Wills, Trusts and Estates
Quiz
•
Business
•
11th Grade - University
•
Medium
Kaysha Covington
Used 54+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A living trust is also called a(n):
Totten trust
pay-on-death trust
A-B trust.
inter vivos trust
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
An attestation clause always begins a will.
True
False
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A trustee appointed by the court is a:
legator
trust officer
trustee ad litem
testator
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The attestation clause is:
a gift of real property by will
usually at the end of a will, it provides evidence that execution of a will was observed by witnesses
beneficiary of a devise
pre-death arrangement of a person’s property and estate
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
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.
True
False
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
All that a person owns at death is considered:
real property
community property
personal property
decedent’s estate
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The judicial act where a will is adjudicated to be valid
execute
codicil
probate
surety
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