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Business
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Wills Trusts and Estate Administration
Quiz 6: Final Draft and Execution of a Valid Will
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Question 1
Multiple Choice
MATCHING: -A statement in a will that disposes of the remaining assets of the decedent's estate after all debts and gifts in the will are satisfied
Question 2
Multiple Choice
MATCHING: -A statement by the witnesses in a will that they have attested and subscribed the testator's signature
Question 3
True/False
A delay clause is used to prevent an estate from being taxed twice in the event of simultaneous death.
Question 4
True/False
The testimonium clause generally introduces new information.
Question 5
True/False
Some states allow an option for self-proving a will.
Question 6
True/False
A decedent's wish to donate his/her body to science will be denied if the nearest relatives object.
Question 7
Multiple Choice
MATCHING: -A person who directs an agent to act for the principal's benefit subject to the principal's direction and control
Question 8
True/False
A surviving natural parent will usually be denied custody of a child if the decedent was the custodial parent and named another person to be appointed as guardian.
Question 9
True/False
A safe deposit box in the name of the testator is the preferred choice for storage of the will.
Question 10
Multiple Choice
MATCHING: -The guardian and manager of property left to minor or incompetent children
Question 11
Multiple Choice
MATCHING: -The authority of a person appointed by a patient to make decisions about his/her medical care when he/she becomes incapacitated and unable to make such decisions
Question 12
True/False
The Patient Self-Determination Act requires health care providers who work with Medicaid and Medicare to provide each patient or authorized surrogate written information about the patient's right to be informed, upon admission by the health care facility, of policies that concern patients' rights.
Question 13
True/False
The durable power of attorney for health care document gives the designated agent the right to obtain and disclose the principal's medical records.
Question 14
True/False
The United States Supreme Court has ruled that a constitutional right to die exists.
Question 15
Multiple Choice
MATCHING: -The beginning or introductory clause of a will
Question 16
Multiple Choice
MATCHING: -The authority of a person to act on behalf of the principal that is triggered by the occurrence of a specified anticipated event
Question 17
Multiple Choice
MATCHING: -A requirement of most states that a person must survive the first decedent by at least 120 hours to qualify as a surviving beneficiary
Question 18
True/False
In most states, a prior will is automatically revoked when the testator writes, dates, and signs a new will.
Question 19
Multiple Choice
MATCHING: -A statement in a will that determines the distribution of property in the event there is no evidence as to the priority of time of death of the testator and another, usually the testator's spouse