Question

Ginny opens an account at Home Bank for $250,000—most of her assets. The account provides that...

Ginny opens an account at Home Bank for $250,000—most of her assets. The account provides that it is held in trust for Harriet, Ginny’s nurse during the last years of Ginny’s life. Less than a year later, Ginny dies, and Harriet withdraws the funds. These facts indicate

a. a will substitute
b. a holographic will
c. per stirpes distribution
d. undue influence

Regina handwrites her entire will on a legal pad. This will is

a. invalid
b. a holographic will
c. a nonholographic will
d. residuary

Jim is fifteen years old, Leo is eighteen years old and Bev is twenty-one years old. Phil is looking for witnesses for his will. Of the three persons mentioned, the witnesses can include

a. only Leo and Bev
b. Jim, Leo, and Bev
c. only Jim and Leo
d. only Jim

Ruth executes a will in 2015 naming her nephew Stan as sole beneficiary. In 2017, Ruth executes another will, naming her niece Tammy as sole beneficiary, but does not state that she is revoking the previous will. On Ruth’s death

a. Stan and Tammy will share the estate in equal shares.
b. the estate will pass as if there were no will.
c. Stan will be the sole heir.
d. Tammy will be the sole heir

Homework Answers

Answer #1

Q1) Answer is - a) a will substitute

Will substitute is a technique that eases out the property distribution by transferring the property at death of the person to someone outside the probate process.

Q2) Answer is b) a holographic will

A holographic will is a will that is completely handwritten and signed by the testator.

Q3) Answer is a) only Leo and Bev

The will witness can include only Leo and Bev as they both are aged 18 and above.

Q4) Answer is d) Tammy will be the sole heir

I case of multiple wills over years, the last or latest will is considered.

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