10 May Question31. Per stirpes is a method of dividing an intestate share of an estate
Question
31. Per stirpes is a method of dividing an intestate share of an estate.
32. A trust can be created for any purpose, legal or illegal.
33. A trust that a grantor executes orally in contemplation of immediate death is a testamentary trust.
34. A trust that a grantor executes orally in contemplation of immediate death is an inter vivos trust.l
An executor is a personal representative named in a will.
Select one:
TRUE.
FALSE.
2.
An administrator is a personal representative appointed by a court for a decedent who dies without a will.
Select one:
TRUE.
FALSE.
3.
One who dies with a valid will has died intestate.
Select one:
TRUE.
FALSE.
4.
If no heirs or kin can be found, title to the property of a deceased individual is transferred to charitable organizations.
Select one:
TRUE.
FALSE.
5.
A legatee is a person who receives a gift of real property under a will.
Select one:
TRUE.
FALSE.
6.
A gift of real estate by will is a bequest.
Select one:
TRUE.
FALSE.
7.
A lapsed legacy will occur if the testator predeceases the legatee.
Select one:
TRUE.
FALSE.
8.
A will is probated to establish its validity and to carry out the administration of the estate.
Select one:
TRUE.
FALSE.
9.
To be effective, a will must follow certain requirements exactly.
Select one:
TRUE.
FALSE.
10.
Testamentary capacity requires a testator to be of legal age at the time a will is made.
Select one:
TRUE.
FALSE.
11.
In most states, a person must be twenty-one years of age to execute a valid will.
Select one:
TRUE.
FALSE.
12.
The uniform law covering wills is called the Uniform Testamentary Code.
Select one:
TRUE.
FALSE.
13.
A will may be declared invalid because of undue influence.
Select one:
TRUE.
FALSE.
14.
Generally, a will must be in writing.
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