Define will. How does a person’s execution of a will affect his distribution of his property during his lifetime? Why?
What will be an ideal response?
A will is a written declaration of a person’s intent to distribute property after death. A bit of a trick question for your students because the execution of a will has no effect on a person’s distribution of property during his lifetime. Wills are ambulatory in nature.
You might also like to view...
Define life estate. What are the characteristics of a life estate that make it a desirable tool for some grantors?
What will be an ideal response?
One purpose of discovery is to promote the equitable settlement of cases.
Answer the following statement true (T) or false (F)
If a retailer seeks to be indemnified by a manufacturer, the retailer is referred to as an indemnitor.
Answer the following statement true (T) or false (F)
The U.S. Constitution is difficult to research because no one has prepared an index to it
Indicate whether the statement is true or false