Wills and Estate Planning

George signed a document giving his wife permission to act on his behalf during his illness. Which term identifies the type of document George signed?

• Common law

• Power of attorney

• LAWYER

• Executrix

Mary was in a serious car accident. She lost the ability to think on her own. She is forced to change her will by her brother. The courts can revoke the new will because she did not have what?

• Capacity

• Consideration

• Inheritance

• SOUND MIND

Gillespie decides that he wants to create a will. He writes the will in front of a lawyer and his assistant. What are the lawyer and the assistant considered?

• Witnesses

• Guarantors

• BEQUEST

• DEVISE

Bobby bought a beach home this past summer and wants to add it to his will. What legal document must be completed for this change?

• Codicil

• BEQUEST

• DEVISE

• HEIR

Fred dies. His son becomes representative of the estate. What must his son do after inventorying, assembling, preserving, and appraising it?

• Give public notice of the estate.

• Spend the money in the estate.

• Sell off all assets in the estate.

A DOCUMENT THAT IS SIGNED DURING YOUR LIFETIME THAT DISTRIBUTES YOUR PROPERTY UPON DEATH

• WILL

• POWER OF ATTORNEY

• BEQUEST

• TESTATE

DOCUMENT TO SUPPLEMENT OR CHANGE AN EXISTING WILL

• CODCIL

• WILL

• INTESTATE

• EXECITRIX

DESIGNATED PERSON TO CARRY OUT YOUR WILL WHEN YOU DIE

• EXECUTOR/EXECUTRIX

• TESTATOR/TESTATRIX

• LAWYER

• CAPACITY

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

All that a person owns at death is considered:

• real property

• community property

• personal property

• decedent’s estate