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Worksheets

Estate Planning

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

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?

a)

Common law

b)

Power of attorney

c)

LAWYER

d)

Executrix

2.

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?

a)

Capacity

b)

Consideration

c)

Inheritance

d)

SOUND MIND

3.

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?

a)

Witnesses

b)

Guarantors

c)

BEQUEST

d)

DEVISE

4.

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?

a)

Codicil

b)

BEQUEST

c)

DEVISE

d)

HEIR

5.

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

a)

Give public notice of the estate.

b)

Spend the money in the estate.

c)

Sell off all assets in the estate.

6.

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

a)

WILL

b)

POWER OF ATTORNEY

c)

BEQUEST

d)

TESTATE

7.

DOCUMENT TO SUPPLEMENT OR CHANGE AN EXISTING WILL

a)

CODCIL

b)

WILL

c)

INTESTATE

d)

EXECITRIX

8.

DESIGNATED PERSON TO CARRY OUT YOUR WILL WHEN YOU DIE

a)

EXECUTOR/EXECUTRIX

b)

TESTATOR/TESTATRIX

c)

LAWYER

d)

CAPACITY

9.

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.

a)

True

b)

False

10.

All that a person owns at death is considered:

a)

real property

b)

community property

c)

personal property

d)

decedent’s estate

11.

Since both Heather and Harold wrote their wills in their own handwriting, the wills are both (which is not allowed in their state).

a)

estates

b)

intestate

c)

holographic

d)

administrator

12.

Testamentary capacity is a term referring to the mind of a person who is sane and competent to understand her acts.

a)

True

b)

False

13.

A is an attempt to defeat the probate of a will

a)

attestation

b)

execution

c)

testator

d)

will contest

14.

Collection of preparatory tasks which serve to manage an individual's assets in the event of their incapacitation or death

a)

Will

b)

Estate Planning

c)

Durable Power of Attorney

d)

Living Will

15.

Before Kathy goes into surgery, she tells a lawyer that she would like to divide her property evenly between her children. Kathy has created what type of will?

a)

Noncupative

b)

Invalid

c)

Intestate

d)

Holographic

16.

Rita’s husband dies. After his death, Rita discovers her husband did not have a will. What term identifies this situation?

a)

Courtesy

b)

Codicil

c)

Dower

d)

Intestate

17.

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?

a)

Agency by estoppel

b)

Common Law

c)

Power of Attorney

d)

Vicarious Contract

18.

After Rachel dies, her son takes her will to a lawyer. The executor must then distribute her estate according to which type of law?

a)

City

b)

Local

c)

Federal

d)

State

19.
A will 
a)
is legally defined under federal law.
b)
will be applied exactly as it is written.
c)
can only be written by persons who have reached the age of majority unless there are special circumstances such as emancipation or being near death.
d)
none of the above.
20.
When __ die without a will, their property goes to their parents or legal guardians.
a)
minors
b)
senior citizens
c)
immigrants
d)
all of these