Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1- Which of the following is true regarding children of the testator who were born or adopted after a will was executed? Multiple Choice Such

1-

Which of the following is true regarding children of the testator who were born or adopted after a will was executed?

Multiple Choice

Such children are known as domicile children, and they take a childs intestate portion of an estate regardless of what the will said.

Such children are known as legacy children; and, as a matter of law, they must be included in any distribution of an estate.

Such children are known as pretermitted children, and there is a presumption that the testator intended to provide for such a child unless there is evidence to the contrary.

Such children are known as codicil children; and, since they are not provided for in the will, they do not take any estate assets.

2_

The Sarbanes-Oxley Act applies to foreign accounting firms. True or False

3_

When a gift is given to the testator's descendants per stirpes:

Multiple Choice

all remaining grandchildren receive, in equal shares, the residual estate left after all bequests are made.

all remaining grandchildren receive, in equal shares, the residual estate left after bequests to parents are made.

each surviving descendant divides the share that his or her parent would have taken if the parent had survived.

each surviving descendant shares in the gift equally.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Audit Or Iceland A Modern Myth Oberon Modern Plays

Authors: Andrew Westerside And Proto Type Theater

1st Edition

1786824671, 978-1786824677

Students also viewed these Accounting questions

Question

fscanf retums a special value EOF that stands for...

Answered: 1 week ago