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BUSI FINAL EXAM 2301 2
A will that is completely handwritten
Term for an oral will; might be valid in only the most unusual circumstance (for example, where the testator was under the imminent danger of death)tape recording
A testator must be of sound mind and legal age
A document in which a person directs his or her physician and/or health proxy to forgo certain extraordinary medical procedures if the person is dying or permanently unconscious
A document which gives the ability to revoke, alter, or revise the will
A device or mechanism that permits personal or real property to be held by one party, the trustee, for the benefit of another, the beneficiary
Manages personal or real property
Requisites of a Will
Must be 14 years of age or older, 2 credible witnesses
Requirement of Witness
Formal, printed, signed.
Pressure applied to a testor
Sustaining or withdrawing life support
Any alterations such as erasures, words crossed out, or handwritten insertions
Revokes, alters, or revises a will