Question
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.
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