Exam 52: Wills and Trusts

In a spendthrift trust,a beneficiary can transfer his or her right to the trust's principal if the transfer is "thrifty."

Ruby,an elderly woman,is diagnosed with lung cancer.She real?izes 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 Ruby's options?

Jock makes a will.As a person who makes a will,Jock is

A nuncupative will is a will that is completely in the handwriting of the testator.

Skyler dies after having made a valid will.Skyler has died

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

Per capita is a method of dividing an intestate share of an estate.

A holographic will is an oral will.

According to the terms of Carmen's will,specific gifts are made,and taxes and other es?tate expenses and debts are paid.The assets of Carmen's estate that remain are most likely to be distributed

To execute a valid will,a testator must remember the "natural objects of his or her bounty."

Before dying from injuries suffered in a fall from a horse,Inez tells her cousin Juana that on her death,Lysander is to be given possession of Inez's Rancho Mirage.In most states,this oral "will" would be

Dieter opens an account for $100,000 at East State Bank.The account pro?vides that its funds,which represent most of Dieter's assets,are held in trust for Flo,the bank employee who opens the account and who re?tains the card required to access it.Less than a year later,Dieter dies,and Flo withdraws the funds.These facts indicate

Sherman dies without a will,survived by his granddaughter Roxy and Roxy's brother Pio.Roxy and Pio are Sherman's

To "publish" a will means to release it to the media.

A married person who makes a will generally cannot avoid leaving a certain portion of the estate to the surviving spouse.

Brick executes a will,telling the witnesses that the document they are about to sign is his "last will and testament." After Brick's death,the will is ad?mitted for probate.Cecily,his lawyer,reads the will to his heirs.The pub?lication of the will is

A gift of personal property other than by will is called a legacy.

Mason creates a trust to prevent his son,Newt,the beneficiary,from assign?ing his rights to future payments of income from the trust.This is

The trustee is the person for whose benefit a trust is held.

Undue influence may be inferred when a named beneficiary is in a position to influence the making of a will.