Exam 52: Wills, trusts, and Estates

What is the first step in videotaping the signing of a will?

________ is a principle that says if a testator leaves a specific devise of property to a beneficiary,but the property is no longer in the estate when the testator dies,the beneficiary receives nothing.

A ________ is created when a person deposits money in a bank account in his or her own name and holds it as a trustee for the benefit of another person.

According to the Uniform Simultaneous Death Act,each deceased's property goes to the government in case of simultaneous deaths.

The person or entity to receive the trust corpus on the termination of the trust is called the remainder beneficiary.

Euthanasia pursuant to a living will is considered legal.

A will cannot be amended by merely striking out existing provisions and adding new ones.

A properly executed subsequent will revokes a prior will.

The ________ is an act in the United States that provides that if people who would inherit property from each other die such that it cannot be determined who died first,each person's property is distributed as though he or she had survived.

A mutual will cannot be unilaterally revoked after one of the parties has died.