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Unformatted text preview: 2. Describe the different types of testamentary gifts. 3. Identify how property is distributed under intestacy statutes if a person dies without a will. 4. Define trust and living trust and Identify the parties to a trust. 5. Describe living wills and health care directives. My summary will summarize each objective, painting a clear understanding of each objective. Objective one was to describe the requirements for making a valid will. A will is a declaration of how a person wants his or her property to be distributed upon his or her death (Cheesman pg 816 para 1). WILLS, TRUSTS, AND ELDER LAW References Cheeseman, H.R. (2010). Business law: Legal environment online commerce, business ethics, and international issues. (7 th ed.) Pearson...
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- Spring '09