Which of the following are CORRECT regarding the execution requirements for witnesses of a valid last will and testament? State law controls whether witnesses are necessary, and if so, how many A purpose of witness signatures is to attest to the testator's testamentary capacity. A purpose of witness signatures is to attest to the testator's signature. The witnesses must be the fiduciaries appointed in the last will and testament. A) II and III B) I, II, III, and IV C) I, II, and III D) I and IV

Which of the following are CORRECT regarding the execution requirements for witnesses of a valid last will and testament? State law controls whether witnesses are necessary, and if so, how many A purpose of witness signatures is to attest to the testator's testamentary capacity. A purpose of witness signatures is to attest to the testator's signature. The witnesses must be the fiduciaries appointed in the last will and testament. A) II and III B) I, II, III, and IV C) I, II, and III D) I and IV

Administration Of Wills/Trusts/ And Estates

5th Edition

ISBN:9781285281308

Author:Brown

Publisher:Brown

Chapter11: The Personal Representative

Section: Chapter Questions

Problem 3CTD

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Which of the following is not a goal of probate laws? Choose the correct.a. To gather and preserve all of the decedent’s property.b. To ensure that each individual produces a valid will.c. To discover the decedent’s intent for property held at death and then to follow those wishes.d. To carry out an orderly and fair settlement of all debts and distribution of property.
Which of the following is not a goal of probate laws? To gather and preserve all of the decedent’s property. To ensure that each individual produces a valid will. To discover the decedent’s intent for property held at death and then to follow those wishes. To carry out an orderly and fair settlement of all debts and distribution of property.
Which of the following statements are correct regarding the purpose and characteristics of a nuncupative will? A nuncupative will is one whose material provisions are written entirely in the testator's handwriting. A nuncupative will requires at least one witness. State law may limit the types and amounts of property that may be distributed by this form of will. This form of will is recognized in most states. A)I and II B)I, II, and IV C)III and IV D)II and III
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Which of the following statements are correct regarding the characteristics of a conservatorship (guardianship of the estate) used to care for an incompetent person's property? I. the powers of the conservator are set forth in either a revocable living trust or a contingent standby trust. II. the conservator may have to file annual reports regarding the status of the assets under his care. III. the conservator may be required to post a performance bond. IV. the conservator has a fiduciary duty to care for the incompetent person's property. A) I, II, III, and IV B) I and II C) II, III, and IV D) I and IV