Introduction to Wills

What is the term for a person who makes a will?

• Executor

• Beneficiary

• Testator

• Trustee

A person would want to make a will for which of the following reasons?

• To ensure their assets are distributed according to their wishes

• To avoid paying taxes

• To make travel arrangements

• To increase their wealth

A will can be used to state burial wishes or organ donation.

• True

• False

A will allows you to leave specific gifts, such as ________.

• heirlooms

• debts

• loans

• taxes

A will can be used to name ________ for children.

• guardians

• beneficiaries

• executors

• witnesses

Expressing thanks or donating to charities can be done through a will.

• True

• False

If property is held as "joint tenants", on death, the asset passes directly to whom?

• The government

• The surviving owner

• The deceased's children

• The bank

A will can be revoked anytime.

• True

• False

A will disposes of the entire ________, including later-acquired assets.

• estate

• contract

• agreement

• property deed

Once the testator dies, the will can be changed.

• True

• False