Question
Testator has had a change of heart and would like to change his will so that all of his assets will pass to his wife.
Testator has had a change of heart and would like to change his will so that all of his
assets will pass to his wife. What is the best method by which the Testator can change
his will?
A. Tell his wife.
B. Cross out the section he wants changed within the will and insert the correction.
C. Codicil to the will.
D. Move to another state.
Which of the following are characteristics of a qualified disclaimer?
1) It may not direct the bequest to another person selected by the disclaimant. It must be
received by the executor of the estate within 9 months of the death of the decedent.
2) It must be written and irrevocable.
3) The disclaimant may disclaim a part of an asset.
(a) 1 and 2.
(b) 1, 2 and 3.
(c) 1, 3 and 4.
(d) 1, 2, 3 and 4.
Which of the following statements concerning the ownership of real property as
joint tenants with right of survivor ship is (are) correct?
I. If the joint tenants are mother and son and the son contributed all the
funds to purchase the property, one-half of the propertys value will be
excluded from the mothers estate if she dies first.
II. If the joint tenants are married to each other and the wife contributed all
the funds to purchase the property, the entire value of the property will
be in the wifes estate if she dies first.
(A) I only
(B) II only
(C) Both I and II
(D) Neither I nor II
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