If two or more testators execute the same instrument as their will, the document is called a _____ will.

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Part 1

A.

holographic

B.

nuncupative

C.

joint

D.

several

E.

conglomerate

A(n) _____ will is entirely handwritten and signed by the testator.

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Part 1

A.

quasi

B.

constructive

C.

holographic

D.

implied

E.

symbolic

A gift of real estate by will is called a(n) _____.

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Part 1

A.

delegation

B.

devise

C.

bequest

D.

legacy

E.

assignment

A gift of personal property by will is called a(n) _____.

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Part 1

A.

assignment

B.

devise

C.

bequest

D.

designation

E.

delegation

_____ gifts in a will are gifts of specifically named pieces of property.

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Part 1

A.

Conditional

B.

General

C.

Unconditional

D.

Specific

E.

Residuary

____ gifts are gifts that do not identify the specific property from which the gift is to be made.

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Part 1

A.

General

B.

Residuary

C.

Unconditional

D.

Specific

E.

Conditional

_____ gifts are gifts of an estate left after the debts, taxes, and specific and general gifts have been made.

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Part 1

A.

Rescindable

B.

Revocable

C.

Residuary

D.

Conditional

E.

Unconditional

Pursuant to _____ distribution, the lineal descendants inherit by representation of their parent.

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Part 1

A.

ademption

B.

per capita

C.

redemption

D.

per stirpes

E.

per se

Pursuant to _____ distribution, the lineal descendants equally share the property of the estate.

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Part 1

A.

per capita

B.

per stirpes

C.

ademption

D.

per se

E.

redemption

If a testator leaves a specific gift of property to a beneficiary but the property is no longer in the estate of the testator when they die, the beneficiary receives nothing. This is called the doctrine of _____.

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Part 1

A.

revocation

B.

rescission

C.

redemption

D.

abeyance

E.

ademption

If a testator's estate is not large enough to pay all the devises and bequests, the doctrine of _____ applies.

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Part 1

A.

abatement

B.

substantial performance

C.

permanent impossibility

D.

temporary impossibility

E.

frustration of purpose

If a testator leaves a specific ring to a beneficiary but the ring is no longer in the estate of the testator when they die, the _____.

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Part 1

A.

beneficiary can sue the estate

B.

estate must provide an item of equal value

C.

estate must give the beneficiary money in the amount of the market value of the ring

D.

beneficiary receives nothing

E.

estate must replace the ring

Which of the following statements about a living trust is true?

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Part 1

A.

It reduces the grantor's income taxes.

B.

It can be challenged for undue influence.

C.

It is subject to property division on divorce.

D.

It is usually less expensive to set up than a will.

E.

It reduces estate taxes more than a will.

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Part 1

A _____ is a document that states which lifesaving measures the signor does and does not want and can specify that they want such treatments withdrawn if doctors determine that there is no hope of a meaningful recovery.

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Part 1

A.

living will

B.

health care proxy

C.

holographic will

D.

health care directive

E.

health care power of attorney