1. Define the following terms or concepts: 11. In those same circumstances, what happens if the two a. ademption; deceased persons own property jointly with the right b. abatement; of survivorship? 12. What statute can one resort to where a person c. lapse; involved in an estate is missing? What is the relevant d. hotch pot rule. period of time for the person to be missing? 2. As of what date is a will interpreted? Provide an 13. What are at least two types of assets owned by a example of where this might make a difference in the deceased person that do not fall into the estate? distribution of the deceased's assets? 14. Describe two situations where the proceeds of a life 3. Compare and contrast a "gift,""bequest,""legacy," and insurance policy would not fall into the estate assets. "devise" under the terms of a will. 15. If a registered retirement savings plan is left to A in a 4. Explain the difference between a "per stirpes" form of will but B is later designated in an instrument as the distribution and one made "per capita"? beneficiary, who is entitled to the proceeds? 5. What priority do creditors take in the distribution of 16. What is the effect of marriage on a pre-existing will? an estate? Explain your answer. What are the two exceptions? 6. Identify the five categories of gifts in a will and the 17. What is the effect of a divorce on a pre-existing will? order in which they are eliminated or diminished What will exclude these results? when there is a shortfall. 18. What is the effect of a domestic contract in the 7. Provide an example of an application of the cy-pres administration of an estate? doctrine? 19. By virtue of which statute does the word "children" in 8. To which beneficiaries do the anti-lapse provisions of a will include those born outside the marriage or the Succession Law Reform Act apply? adopted? 9. What would exclude the application of the anti-lapse 20. What is the effect of putting a "custody of children" provisions? clause in a will? 10. What rule applies where two persons die 21. What remedy is available to a spouse who feels that simultaneously or in circumstances where it is he or she has not received a fair share of the other impossible to determine who died first and each is a spouse's estate under the will, and within what time beneficiary under the other's will. frame must the remedy be enacted