intestate share of an estate.

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.

Select one:

TRUE.

FALSE.

15.

A will that is completely in the handwriting of the testator is a nuncupa­tive will.

Select one:

TRUE.

FALSE.

16.

Many states do not permit nuncupative wills.

Select one:

TRUE.

FALSE.

17.

A formal will may be implied by conduct.

Select one:

TRUE.

FALSE.

18.

A will is required to be in writing only if real property is being transferred.

Select one:

TRUE.

FALSE.

19.

A nuncupative will is an oral will.

Select one:

TRUE.

FALSE.

20.

An “X” or other mark cannot qualify as a signature on a will.

Select one:

TRUE.

FALSE.

21.

Once executed, a will cannot be revoked.

Select one:

TRUE.

FALSE.

22.

A testator’s intentionally destroying a will revokes it.

Select one:

TRUE.

FALSE.

23.

To “publish” a will means to record it in the appropriate county office.

Select one:

TRUE.

FALSE.

24.

A testator may revoke a will by tearing it.

Select one:

TRUE.

FALSE.

25.

A will can be amended.

Select one:

TRUE.

FALSE.26.

A codicil is a clause in a will affirming the testator’s testamentary capacity.

Select one:

TRUE.

FALSE.

27.

Divorce does not necessarily revoke the entire will of a spouse who exe­cuted the will prior to the divorce.

Select one:

TRUE.

FALSE.

28.

A child born after a will has been executed may still inherit a portion of his or her parent’s estate.

Select one:

TRUE.

FALSE.

29.

Many states allow for the distribution of assets without probate proceedings.

Select one:

TRUE.

FALSE.

30.

Under intestacy laws, only when no children or grandchildren survive the decedent will a surviving spouse succeed to the entire estate.

Select one:

TRUE.

FALSE.

31.

Per stirpes is a method of dividing an intestate share of an estate.

Select one:

TRUE.

FALSE.

32.

A trust can be created for any purpose, legal or illegal.

Select one:

TRUE.

FALSE.

33.

A trust that a grantor executes orally in contemplation of imme­diate death is a testamentary trust.

Select one:

TRUE.

FALSE.

34.

A trust that a grantor executes orally in contemplation of imme­diate death is an inter vivos trust.

Select one:

TRUE.

FALSE.

35.

The law may impose a trust.

Select one:

TRUE.

FALSE.

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