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3. True or False: (19 points; 1 point each) a. ____ A constructive trust is a trust. b. ____ Testator's signature must be clear and
3. True or False: (19 points; 1 point each) a. ____ A constructive trust is a trust. b. ____ Testator's signature must be clear and legible. c. ____ Another person can sign the will for the testator. d. ____ Witnesses to a will must sign in each other's presence. e. ____ Implied trusts are trusts. f. ____ In Texas, all trusts are revocable and amendable by the settlor unless expressly made irrevocable and unamendable. g. ____ The common-law cy pres doctrine applies only to charitable/public trusts. h.____ If a person dies within 120 hours of the death of the testator that person is said to have predeceased the testator. i. ____ The requirement of a bond is always waived in a will. j. ____ The assets of a trust are called the income. k. ____ A holographic will can be signed by the testator with an "X". l. ____ The brother of the testator is a collateral relative. m. ____ Affinity refers to a relationship by marriage. n. ____ The beneficiaries hold equitable/beneficial interest in the trust. o. ____ To be a witness to a will in Texas, you must be 14 years of age. p. ____ When a person dies intestate and leaves a spouse and children, the surviving spouse receives only one-third of the personal estate. q. ____ It is possible for a testator to leave a valid will and still have some of their property pass through intestacy. r. ____ A living trust is a method of advising your physician of your wishes in the event of a terminal illness. s. ____ A living will takes effect upon formal execution
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