Question
1- What does the term trust corpus refer to? Multiple Choice The property that needs to be added to a trust to make it complete
1-
What does the term trust corpus refer to?
Multiple Choice
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The property that needs to be added to a trust to make it complete
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A will that is irrevocable
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Assets from a will that cannot be distributed
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The property held in trust
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The burial plot of the testator
2-
Belgina decided to destroy her will and burned it in a campfire. When she destroyed it, this is also known as _______ the will.
Multiple Choice
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revoking
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destroying
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burning
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terminating
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Liquidating
3-
Distribution per stirpes means distributing an estate
Multiple Choice
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by class or representation
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by individual
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by will and not a trust
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by trust not by a will
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by state statutory language
4-
What is the rationale behind the principle that a witness does not have to sign or witness the testator sign a holographic will?
Multiple Choice
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When the entire will is in the testators handwriting, it lessens the chance of fraud or forgery.
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It is unnecessary and inconvenient to involve other parties if the will is created by the testator.
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The testator had ample time to consider the consequences of creating the will.
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The writing is better evidence of the testators state of mind.
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Witnesses are required to sign and witness the testator signing a holographic will.
5-
Wills are ambulatory which means
Multiple Choice
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That a court must approve them.
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That they are made on the deathbed of a patient.
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That once made, the will cannot be changed.
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That in order to be valid they must be on file in a courthouse.
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That testators can change their wills.
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