Ch50-TB2-WBL-10O¦êv-F to Eric

Ch50-TB2-WBL-10O¦Ã&ordf...

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Chapter 50 Wills, Trusts, and Elder Law N.B.:   TYPE  indicates that a question is new, modified, or unchanged, as  follows. N A question  new  to this edition of the Test Bank. + A question  modified  from the previous edition of the Test Bank, = A question  included  in the previous edition of the Test Bank. TRUE/FALSE QUESTIONS 1. An administrator is a personal representative appointed by a court for a  decedent who dies without a will. ANSWER: T PAGE: 1006 TYPE: = 2. A will is probated to establish its validity and to carry out the administra- tion of the estate. ANSWER: T PAGE: 1006 TYPE: = 3. An administrator is a personal representative named in a will. ANSWER: F PAGE: 1006 TYPE: N 4. If no heirs or kin can be found, title to the property of a deceased individual  is transferred to charitable organizations. ANSWER: F PAGE: 1006 TYPE: = 5. One who dies without a valid will died testate. 253
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254 TEST BANK 2—UNIT ELEVEN: SPECIAL TOPICS ANSWER: F PAGE: 1006 TYPE: N
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CHAPTER 50: WILLS, TRUSTS, AND ELDER LAW 255 6. A devisee is a person who receives a gift of real property under a will. ANSWER: T PAGE: 1007 TYPE: N 7. A gift of real estate by will is a bequest. ANSWER: F PAGE: 1007 TYPE: = 8. A testator must be of legal age at the time a will is made for it to be valid. ANSWER: T PAGE: 1008 TYPE: + 9. A formal will does not need to be signed by the testator. ANSWER: F PAGE: 1010 TYPE: N 10. Many states do not permit nuncupative wills. ANSWER: T PAGE: 1010 TYPE: = 11. A will is required to be in writing only if real property is being transferred. ANSWER: F PAGE: 1010 TYPE: = 12. An “X” cannot qualify as a signature on a will. ANSWER: F PAGE: 1010 TYPE: = 13. A testator’s intentionally destroying a will revokes it. ANSWER: T PAGE: 1011 TYPE: = 14. A testator may revoke a will by tearing it. ANSWER: T PAGE: 1011 TYPE: = 15. A codicil is a clause in a will affirming the testator’s testamentary capacity. ANSWER: F PAGE: 1013 TYPE: = 16. A child born after a will has been executed may still inherit a portion of his  or her parent’s estate.
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256 TEST BANK 2—UNIT ELEVEN: SPECIAL TOPICS ANSWER: T PAGE: 1013 TYPE: = 17. Under intestacy laws, only when no children or grandchildren survive the  decedent will a surviving spouse succeed to the entire estate. ANSWER: T PAGE: 1016 TYPE: = 18. A trust created by a will to come into existence on the settlor’s death is an  inter vivos  trust. ANSWER:
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Ch50-TB2-WBL-10O¦Ã&ordf...

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