Exam 51: Wills and Trusts

Kendall executes a separate written instrument to amend her prior will. This separate document is​

​Paul makes a gift of real estate in his will to Orly. This is

An "X" can qualify as a signature on a will.​

​Martin's will states, "I leave my gold pocket watch to Laurie." Laurie dies before Martin. This creates

​Jim is fifteen years old, Leo is eighteen years old and Bev is twenty-one years old. Phil is looking for witnesses for his will. Of the three persons mentioned, the witnesses can include

A will is required to be in writing only if real property is being transferred.​

Once executed, a will cannot be revoked.

​According to the terms of Donna's will, specific gifts are made, and taxes and other estate expenses and debts are paid. The assets of her estate that remain are

A will can be an informal document and need not follow state requirements.​

A holographic will is a will expressed in 3D.​

​Jack's will states, "I leave my red sports car to Kayla." This is

​Ruth executes a will in 2015 naming her nephew Stan as sole beneficiary. In 2017, 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

Lorenzo owns a certificate of deposit with Maria, his sister, and a commercial building with Navarro, his brother, in both cases as a joint tenant. Lorenzo, a partner with Othelia in Lorenzo & Othelia Physicians, obtains a life insurance policy with Othelia as the designated beneficiary. Lorenzo writes a will that gives particular items of personal property, as well as specific amounts of cash, to his children and his friends. The will leaves the residue of the estate to Paulina, Lorenzo's favorite cousin. Navarro dies. Lorenzo, on his own deathbed, makes a gift to the United Way. Will the certificate of deposit, the commercial building, the proceeds from the life insurance policy, and the gift to the United Way become part of Lorenzo's estate and be distributed under the will? If not, how will these items be distributed and to whom?​

Maya dies without a will. A court appoints Nora to handle the probate of Maya's estate. The administrator of the estate is​

Lani is asked to serve as a witness to Mona's will. To qualify, Lani must​

​A divorce necessarily revokes an entire will.

Winifred, an elderly woman, is diagnosed with lung cancer. She realizes her condition may worsen, and that there is a chance that at some point she will become so weak the only way she will be able to breathe is with the help of medical machinery. She does not want to be kept alive in such a "vegetative state." What are Winifred's options?

​Callahan dies without a will, survived by his granddaughter Doreen and her brother Egan. Doreen and Egan are Callahan's

​To "publish" a will means to record it in the appropriate county office.

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​