Test 4 Flashcards
1
Q
- The person for whom a will is made, who will be signing the will, is called the _______________________________________.
A
testator
2
Q
- If I have 3 children and I don’t want one child to get any of my estate, can I leave that one child out of the will? __________________.
A
Yes
3
Q
- A ____________________________ occurs when a spouse who owns a home as separate property dies, leaving behind another spouse who wants to continue to live in the house.
A
life estate
4
Q
- In Texas, what adjective precedes the word “Executor” in a will?
A
independent
5
Q
- What does that mean? ____________________________________________________________.
A
free from oversight from the court
6
Q
- What kind of trust is created if there is a minor child who cannot inherit money until the age of 18? ______________________________________.
A
contingent
7
Q
- In my will, can I name someone as the guardian I want for my minor child even if the other biological parent is still alive? ______________________________.
A
Yes
8
Q
- What is the correct name for a No-Contest Clause? __________________________.
A
In terrorem
9
Q
- A _______________________________________ prevents a person from assigning his interest in an inheritance to a third party.
A
spendthrift provision
10
Q
- What is the last page that’s attached to a will called? ___________________________
A
self proving affidavit
11
Q
- Why do we have that? _____________________________________________
A
So witnesses don’t need to come to court
12
Q
- What is the minimum age for a witness to a will? __________________
A
14
13
Q
- What is a will signing called? _____________________
A
execution
14
Q
- Provide the first and last names of one of the guest speakers from last week. ____________________________________________
A
Cathy Harrington Hale
15
Q
- What is the statute of limitations for probating a will? _______________________
A
4 years
16
Q
- What are the two most common competency questions? _______________________ ____________________________________________________________.
A
what year is it who is the President of the U.S.
17
Q
- What does probate mean? ______________________________________________
A
to prove or prove up the will
18
Q
- If the executor lives outside of Texas, what must be appointed? _________________ ____________________________________________________________________.
A
a registered agent for service of process
19
Q
- A ____________________________________ gives another person the power to handle your financial affairs.
A
a durable power of attorney
20
Q
- A ____________________________________ gives another person the power to make healthcare decisions for you if you can’t.
A
medical power of attorney
21
Q
- The correct name for a “living will” is a ___________________________________.
A
directive to physician
22
Q
- A _________________________________________________________________ appoints another person to handle your funeral & what happens to your body.
A
agent to control disposition of remains
23
Q
- What is the most unique feature of that document? __________________________ ___________________________________________________________________.
A
must be signed by the agent
24
Q
- Things like bank accounts and life insurance policies that pass outside the will are called _________________________________________.
A
non probate assests
25
Q
- What is the statutorily correct name for a “common law” marriage in Texas? __________________________________________________________________
A
informal marriage
26
Q
- What is the statutorily correct name for the other kind of marriage in Texas? __________________________________________________________________
A
ceremonial
27
Q
- A person who is named in a will as a person who will get a sum of money or tangible property is called a ___________________________________.
A
beneficiary
28
Q
- The U.S. Attorney General is _____________________.
A
Eric Holder
29
Q
- The Chief Justice of the United States is __________________________.
A
John Roberts
