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Chapter 6 - The Importance of Having a Will
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1
_________________ states have few formal requirements for executing a valid will.
A)Most
B)All
C)Ten
D)Twenty
2
A(n) _________________ is often used to express positive thoughts and emotions.
A)trust
B)estate
C)will
D)legacy
3
The best way for a testator to prevent a lapse is to identify a(n) _________________.
A)personal representative
B)guardian
C)alternative beneficiary
D)executor
4
A(n) _________________ is a contract.
A)abatement
B)prenuptial agreement
C)antilapse statute
D)codicil
5
If a testator does not appoint a(n) _________________ in the will, the court will be required to select one based on criteria set out by statute.
A)guardian
B)beneficiary
C)personal representative
D)minor child
6
A(n) _________________ is the gift of a specific item or class of personal property by will.
A)bequest
B)ademption
C)lapse
D)abatement
7
A(n) _________________ is a gift made to an heir with the intent of reducing or eliminating that heir's right to inherit from the person's estate.
A)legacy
B)bequest
C)advancement
D)ademption
8
A(n) _________________ legacy/devise is a gift of the remaining assets of the estate that were not otherwise disposed of by the will.
A)residual legacy/devise
B)demonstrative legacy
C)specific legacy/bequest
D)special devise
9
The term _________________ traditionally refers to a gift of real property in a will.
A)legacy
B)devise
C)bequest
D)ademption
10
The term _________________ means subject to change or revocation.
A)abatement
B)consideration
C)ambulatory
D)advancement





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