WorksheetsBiz Law Ch 20 Review
Total questions: 36
Worksheet time: 18mins
Once made, a will cannot be changed or canceled.
True
False
The creator of a trust is known as the trustee.
True
False
Those who die without a valid will are said to have died testate.
True
False
Those who die without a valid will are said to have died intestate.
True
False
A will is a legal expression by which a person directs how his or her property is to be distributed after death.
True
False
The legal term for an oral will is a nuncupative will.
True
False
Divorce always automatically revokes all provisions in the will in favor of the former spouse.
True
False
A deceased person is called:
intestate
decendent
testate
administrator
To die without a will is called:
intestate
decendent
testate
administrator
To pass away with a VALID will called:
intestate
decendent
testate
administrator
Intestate's personal representative appointed (by the state) to settle the estate called:
intestate
decendent
testate
administrator
A Will written and signed by the maker and not witnessed is called:
holographic will
nuncupative will
intestate
codicil
An orally made will due to someone being incapable to physically write one is called:
holographic will
nuncupative will
intestate
codicil
A formal, written and witnessed amendment to a will is called:
holographic will
nuncupative will
will
codicil
What is the biggest concern when creating a will?
forgery
theft
embezzlement
power
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
Testator
Executor
Adminstrator
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
Articles of Incorporation
Articles of Confederation
Trust
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.
Are nuncupative wills valid in Illinois?
Yes
No
Are holographic wills valid in Illinois?
Yes
No
A common way to avoid probate court is to:
create a will to distribute your assets.
set up trusts to give your assets to the correct people.
not create a will and have the state control the situation.
not worry about it and watch Netflix.
How old does a testator have to be?
14
1
16
18
What is NOT one of the reasons to change a will?
Divorce
A New Baby
An argument between relatives
Buying a new house
What type of trust can altered, changed, modified or revoke entirely?
revocable trust
charitable trust
inter vivos trust
testamentary trust
What type of trust is created for estate planning while the individual is still living?
revocable trust
charitable trust
inter vivos trust
testamentary trust
What type of trust is created for estate planning after the death of the individual?
revocable trust
charitable trust
inter vivos trust
testamentary trust
What type of trust cannot be modified or changed and established for a goodwill?
revocable trust
charitable trust
inter vivos trust
testamentary trust
What type of trust is the most common type to create?
revocable trust
charitable trust
inter vivos trust
testamentary trust
The clear intention to make a will without undue influence of others is called testamentary
intent
capacity
formality
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
After John dies, his family discovers he DOES NOT have a will. The court then appoints someone to carry out the will. What term is used to identify this person?
Administrator
Executor
Executrix
Testator
Johnny has been named the representative on his sister’s estate. After giving public notice of the estate and paying valid claims, what must he now do?
Give out the property accordingly
Give the estate to anybody
Inheritance
SELL ALL OF THE PROPERTY
After Rachel dies, her son takes her will to a lawyer. The executor must then distribute her estate according to which type of law?
State
CITY
Witnesses
