Solved >   True / False Questions  1. When a person:1488495 …

True / False Questions

1. When a person dies, arrangements will first be made to pay his or her final expenses, such as the cost of an appropriate burial, medical expenses, taxes, and legitimate debts. 

2. The decedent’s property cannot be converted into cash and applied to payment of burial, medical, taxes and legitimate debts. 

3. A beneficiary does not receive gifts of personal or real property pursuant by will. 

4. A gift of personal property left to someone is known as a devise. 

5. A legacy or bequest can be residuary, when a will provides for the disposition of the balance of the estate. 

6. A will must comply with legal requirements that are intended to ensure that the wishes of the testator are met and that there are no obstacles to the smooth transfer of the property. 

7. A tape-recorded will is just as valid as a written will. 

8. A formal, printed will needs to be signed only by the testator. Witnesses are not required for this purpose. 

9. Undue influence describes the unreasonable pressure that might be applied to testators to change their true wishes for the disposition of property. 

10. Any alterations to a will, such as erasures, words crossed out, or handwritten insertions, usually constitute valid modifications of the will.

11. Many wills include a statement that the testator is revoking all previous wills. Even without such a statement, the most recent will, if valid, automatically revokes all prior wills made by the testator. 

12. If a person dies intestate leaving a spouse but no children, the surviving spouse usually receives the entire estate. 

13. A testamentary trust is created by an injunction issued by a court. 

14. A trustee must manage the property according to the wishes of the settlor, who may be deceased.

15. The trustee may not purchase securities that are of very low risk and that appear on a document referred to as a legal list. is an online academic writing platform that provides extensive assistance to graduate school students as they work through their research projects, papers and dissertations. gives students access to experienced professionals who can provide the help they need in a timely and efficient manner. The service offers a wide range of services, including editing, proofreading, formatting, researching and more that can give students the confidence they need to write the perfect paper or dissertation for their chosen subject matter.

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