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Ch 11 Wills, Trusts and Estates

Authored by Kaysha Covington

Business

11th Grade - University

Used 54+ times

Ch 11 Wills, Trusts and Estates
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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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