Estate Planning & Probate Final Exam Study Crossword
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Across
Inter vivos trust.
Person who creates a trust.
______ is the process of handling the will & the estate of a dead person.
Trust in which settlor or beneficiary retains the income from the trust for a period of time, after which the trust principle is given to charity.
A person who holds moneyer property for the benefit of another person.
A person who dies with a valid will is a ________.
When a person dies without a will they died _________.
A gift of PERSONAL PROPERTY in a will.
Down
Making a document a part of something else by mere mention.
A ________ trust takes effect when the testator dies.
Must be husband & wife and neither has a share if the land, but both hold the entire land as one individual owner.
An estate that is small or has few debts.
When testator disposed of his/her property differently b/c of intentional misrepresentation that testator considered important but where the misrepresentation was not directed to a particular provision of the will.
If a testator devises a gift to a person in his will and the devisee predeceases the testator, the ____-_____ _______ will allow the gift to pass on to the devisee's descendants rather than force the gift to pass through intestacy.
A document issued by a court or public official authorizing the executor of a will to take control of decedent's estate.
A trust settlor creates to take effect while settlor is still alive. (Inter vivos trust)
A person entitled to income from property, especially of a trust or estate.
The event must occur before the beneficiary may claim the gift.
By roots.
A gift of REAL PROPERTY in a will.
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