Hamid makes a will leaving a specific sum of money to each surviving rela?tive. The assets of Hamid's estate are not enough to make all of the gifts in full. This situation requires
A) an abatement.
B) a constructive trust.
C) a residuary.
D) a revocation.

Question

Quizplus · Accepted Answer

When there is not enough money or assets to fulfill all of the gifts in a will, an abatement process takes place. This means that each gift is reduced proportionately to make up for the shortage of funds.

Hamid Makes a Will Leaving a Specific Sum of Money