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

• A will that is irrevocable

• Assets from a will that cannot be distributed

• The property held in trust

• 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

• revoking

• destroying

• burning

• terminating

• Liquidating

3-

Distribution per stirpes means distributing an estate

Multiple Choice

• by class or representation

• by individual

• by will and not a trust

• by trust not by a will

• 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

• When the entire will is in the testators handwriting, it lessens the chance of fraud or forgery.

• It is unnecessary and inconvenient to involve other parties if the will is created by the testator.

• The testator had ample time to consider the consequences of creating the will.

• The writing is better evidence of the testators state of mind.

• Witnesses are required to sign and witness the testator signing a holographic will.

5-

Wills are ambulatory which means

Multiple Choice

• That a court must approve them.

• That they are made on the deathbed of a patient.

• That once made, the will cannot be changed.

• That in order to be valid they must be on file in a courthouse.

• That testators can change their wills.