Test Bank For Wills, Trusts, and Estate Administration 9th Edition Janis Walter, Emma Wright Chapter 1-15 (Complete And Verified Study material) (137pages) LEARNEXAMS

Chapter 01: The Estate Plan and the Purpose and Need for a Will Matching a. testamentary capacity b. testator or testatrix c. real property d. ambulatory e. codicil f. property guardian g. fiduciary duty h. legal title of a trust i. principal j. trust QUESTION TYPE: Matching HAS VARIABLES: False DATE CREATED: 1/6/2021 9:49 AM DATE MODIFIED: 1/27/2021 6:23 PM 1. An individual or trust institution appointed by a court to care for and manage the property of a minor or an incompetent person ANSWER: f POINTS: 1 2. In trust law, the capital or property of a trust, as opposed to the income, which is the product of the capital ANSWER: i POINTS: 1 3. The sanity (sound mind) requirement for any person making a valid will ANSWER: a POINTS: 1 4. Subject to change and revocation anytime before death ANSWER: d POINTS: 1 5. A written amendment to the wil