Question

QUESTION 93 Another name for a Totten Trust is a bank account trust. True False

QUESTION 94 Anyone may execute a will. True False

QUESTION 95 One who dies without a will is said to have died intestate. True False

QUESTION 96 A per stirpes disposition in a will allows one to take or share in the gift to a deceased ancestor. True False

Answer 1

93) False, a totten trust is also known as a payable on death account.

94) False, The process by which a testator's Will is made legally valid is known as Execution of Will. A Will is a legal document, signed in compliance with the various formalities covered by the legislation.

95) True, a person who dies without leaving a will is called an intestate person.

96) True, Per stirpes stipulates that a beneficiary's heirs receive the inheritance should the beneficiary die before the testator. The term refers to every person down a family tree beginning from another person.