Business Law Chapter 52 2 chosen by the testator collects the testator’s property, pays debts and taxes

subject Type Homework Help
subject Pages 9
subject Words 799
subject Authors Carrie Williamson, Daniel Herron, Linda Barkacs, Lucien Dhooge, M. Neil Browne, Nancy Kubasek

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page-pf1
30.
(p. 1158)
When someone dies, a[n] ______ chosen by the testator collects the testator's property,
pays debts and taxes, and makes sure the remainder of the will is distributed.
31.
(p. 1158)
The process of settling an estate is known as _____.
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32.
(p. 1160)
Distribution ______ means distributing an estate by class or representation.
33.
(p. 1160)
Distribution ______ means distributing an estate by the individual.
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34.
(p. 1160)
A ______ is a gift of real property by will.
35.
(p. 1160)
A ______ is a gift of personal property by will.
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36.
(p. 1158)
Which of the following, if any, is property of a decedent that is not part of a probate
estate?
37.
(p. 1158)
A person who creates a trust is knows as a _____.
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38.
(p. 1158-1159)
Which of the following is
false
a trust?
39.
(p. 1159)
A[n] ______ trust is a trust created while the settlor is alive or by will.
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40.
(p. 1151)
Which of the following is
false
regarding the trust system in India?
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41.
(p. 1163)
Which of the following is
false
regarding organ donation in Japan?
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42.
(p. 1159)
A[n] ______ trust is a type of trust created by a court, not a settlor.
43.
(p. 1159)
An implied trust is also called a[n] ______ trust.
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44.
(p. 1159)
A[n] ______ trust is created by a court when an express trust fails and the court can imply
a trust from certain behavior.
45.
(p. 1159)
A[n] ______ trust is created by a court to hold property in trust for its rightful owner.
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46.
(p. 1159-1160)
Which of the following is
false
regarding trusts?
page-pfb
47.
(p. 1161)
The term ______ covers a variety of legal instruments a person can use to express his or
her wishes about efforts to prolong life.
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48.
(p. 1161)
A document that outlines the principal-agent relationship that allows an agent to make
medical decisions for a principal who is unable to participate in medical decisions is called a
_____.
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49.
(p. 1161)
A ______ is a written document executed when the principal is in good mental health that
allows an agent to make medical decisions for the principal at some later date when the principal
can no longer make decisions.
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50.
(p. 1162)
Which of the following is true regarding adoption of the Uniform Anatomical Gifts Act?

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