Exam 52: Wills and Trusts

Ratzo is asked to be a witness to Sade's will. Before attesting to the will,

One who dies after having made a valid will is said to have died testate.

In most states, a person must be sixteen years of age to execute a valid will.

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 admitted for probate. Cecily, his lawyer, reads the will to his heirs. The publication of the will is

Violet dies without a will. State laws that determine how the estate of Violet, or of any decedent, will be distributed in such a circumstance are known as

Don executes a will leaving half of his farm to his spouse Elsie and the rest to his sons, Frank and Greg, in equal shares. The will disinherits a third son, Hal. Don and Elsie divorce, but Don dies before changing his will. Under the Uniform Probate Code

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

Patsy makes a gift of real estate in her will to Quinn. This gift is

Travis's will states, "I give to my brother Ubi my gold pocket watch." This is

Before dying from injuries suffered in an auto accident, Beamer tells his relatives that on his death, Clotilde is to have all of his possessions. Beamer has made

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

Grey has two children, Ham (the eldest) and Ivy, both of whom predecease Grey. Ham is survived by a daughter, Jess, and Ivy by two sons, Kato and Lars. On Grey's death, if the estate is distributed per stirpes

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

A holographic will is an oral will.

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

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

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

A trust that a grantor executes orally in contemplation of immediate death is a testamentary trust.

Dotty creates a trust by her will for the benefit of Eppie and her family to come into existence on Dotty's death. This is

Dieter opens an account for $100,000 at East State Bank. The account provides 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 retains the card required to access it. Less than a year later, Dieter dies, and Flo withdraws the funds. These facts indicate