What happens with the residuary estate if the residuary clause is omitted from the will?
A) Residue is distributed evenly among beneficiaries
B) Residue passes to heirs according to the law of intestate succession
C) Residue passes to the surviving spouse
D) Residue passes to the government
Correct Answer:
Verified
Q3: What clause is usually used as a
Q4: What term describes the estate remaining after
Q5: What is a purpose of the dispositive
Q6: What Latin phrase means "by right of
Q7: What is the purpose of the residuary
Q9: What term describes an individual who legally
Q10: In some states, what term describes a
Q11: What term describes a person that agrees
Q12: What is a bond?
A) Like an insurance
Q13: Who is a fiduciary?
A) Executor
B) Administrator
C) Trustee
D)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents