Exam 36: Estates and Trusts

Under the laws of most states, the surviving spouse of the testator has statutory rights in property owned solely by the testator that can be defeated by a contrary will provision.

Children who are born or adopted after a will has been executed are called:

Since a will can direct only property that is owned by the testator at the time of his death, a specific bequest of property that the testator has disposed of before his death is ineffective. This is called _____.

Under the Patient Self-Determination Act, health care providers must:

Which of the following is an example of an advance directive?

Who among the following is responsible for supervision of administering a person's will and settling their estate?

An intestate distribution is a written document that directs others how future health care decisions should be made in the event that the individual becomes incapacitated.

Abe deposits money in First Bank, in trust for his daughter, Esther. At Abe's death, if he has not revoked this trust, then the money in the account will:

A holographic will is an oral will.

Life insurance proceeds are usually controlled by:

A power of attorney is an express statement in which one person (the principal) gives another person (the attorney in fact) the authority to do an act or series of acts on his behalf.

The execution of a will:

Miriam established a trust by placing substantial funds in a trust account for the benefit of her son, Robert. Miriam appointed her brother, Fred, as trustee for the trust. In the trust document, she did not expressly define Fred's powers as trustee, or his duties. Under these circumstances, Fred _____.

What are the conditions under which holographic wills are recognized as valid?

Benny is the sole beneficiary of Paul's trust. In this trust, Benny:

A man who makes a will is known as a testatrix.

Which of the following creates a revocable living trust?

The property held in trust is called the corpus juris secundum.

In terms of intestacy statutes, adopted children will:

Which of the following is true of the right of a widow on a life estate?