Question 28(2.5 points)

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A solely-held checking account is nonprobate property

Question 28 options:

	True
	False

Question 29(2.5 points)

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It is legal to disinherit children and your spouse.

Question 29 options:

	True
	False

Question 30(2.5 points)

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Most states require that a valid will be dated.

Question 30 options:

	True
	False

Question 31(2.5 points)

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After execution of a will, the testator, by an intentional act of ademption, has the right to do all of the following EXCEPT:

Question 31 options:

	Substitute a different gift for the original on
	Revoke or cancel a testamentary gift
	Deliver the gift to the beneficiary before the testator's death
	Add a beneficiary

Question 32(2.5 points)

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In Delaware, all of the following are requirements for a valid will EXCEPT:

Question 32 options:

	Must be in writing
	Must be signed by Testator/Testatrix
	Must be notarized
	Must be witnessed by 2 people

Question 33(2.5 points)

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Which of the following is an advantage of a will?

Question 33 options:

	It allows a person to leave property to someone who would not be entitled to inherit underintestate succession.
	The probate of a will is generally quick, easy, and inexpensive.
	It retains privacy and confidentiality about the decedent's property and beneficiaries.
	It eliminates complicated procedures.

Question 34(2.5 points)

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Not everyone can legally make a will.

Question 34 options:

	True
	False

Question 35(2.5 points)

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Life insurance with a beneficiary is nonprobate property

Question 35 options:

	True
	False

Question 36(2.5 points)

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Anyone may dispose of property as a gift while alive.

Question 36 options:

	True
	False

Question 37(2.5 points)

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A life insurance policy with a named beneficiary is a form of probate property.

Question 37 options:

	True
	False

Question 38(2.5 points)

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Real property is property that is immovable, fixed, or permanent.

Question 38 options:

	True
	False

Question 39(2.5 points)

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Tenants in common can own unequal shares

Question 39 options:

	True
	False

Question 40(2.5 points)

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Which is NOT a reason that many people die without a valid will?

Question 40 options:

	Request of the beneficiary
	Assumed expense
	Reluctance to discuss property and finances with strangers
	Procrastination