Exam 40: Wills and Trusts

Francisco dies without a will. A court appoints Gillian to handle the probate of the estate. The decedent is

Tom writes out his will on a sheet of hospital stationary before going into emergency surgery. This is

Les executes a will in which he leaves everything to his spouse, Mindy, and in which he appoints Norma to administer the estate. The will must be signed by

Testators are required to give their estates to blood relatives.

Gwen and Hunt are partners in Investment Associates. Hunt takes advantage of a partnership opportunity for personal gain that causes the firm's business to suffer. A court orders Hunt to hold the profits in trust for the partnership. This is

For a valid will, a testator does not have to know the nature and extent of his or her property.

A testator is a person who challenges, or tests, a will.

Leona executes a separate written instrument to revoke her prior will. This separate document is

The grandchildren, brothers, and sisters of a decedent are known as his or her

Ruth executes a will naming her nephew Stan as sole beneficiary. One year later, Ruth executes another will, naming her niece Tammy as sole beneficiary, but does not state that she is revoking the previous will. On Ruth's death

A will must be in writing.

Reese owns Sierra Ranch. Creating a trust for the benefit of Reese's children requires a designated or identified