Types of Testamentary Bequests Self-Quiz

 

 

 

 

 

 

 

 

Ella made the following bequests in her will: “I hereby give $11,000 out of my bank account at Wachovia to my sister, Catherine”; “I hereby give $2,000 to my nephew, Ryan”; “I hereby give my Mikimoto pearls to my daughter, Elyse” and “I hereby give my Picasso painting to my brother, Shawn.” Which item is a specific bequest?
Choice 1 The Picasso painting.
Choice 2 The $11,000 from Wachovia.
Choice 3 The $2,000 for Ryan.
Ella made the following bequests in her will: “I hereby give $11,000 out of my bank account at Wachovia to my sister, Catherine”; “I hereby give $2,000 to my nephew, Ryan”; “I hereby give my Mikimoto pearls to my daughter, Elyse” and “I hereby give my Picasso painting to my brother, Shawn.” Which item is a demonstrative bequest?
Choice 1 The Picasso painting.
Choice 2 The $11,000 from Wachovia.
Choice 3 The Mikimoto pearls.
Choice 4 The $2,000 for Ryan.
Ella made the following bequests in her will: “I hereby give $11,000 out of my bank account at Wachovia to my sister, Catherine”; “I hereby give $2,000 to my nephew, Ryan”; “I hereby give my Mikimoto pearls to my daughter, Elyse” and “I hereby give my Picasso painting to my brother, Shawn.” Which item is a general bequest?
Choice 1 The Picasso painting.
Choice 2 The $11,000 from Wachovia.
Choice 3 The Mikimoto pearls.
Choice 4 The $2,000 for Ryan.
Ella made the following bequests in her will: “I hereby give $21,000 out of my bank account at Wachovia to my sister, Catherine”; “I hereby give $2,000 to my nephew, Ryan”; “I hereby give my Mikimoto pearls to my daughter, Elyse” and “I hereby give my Picasso painting to my brother, Shawn.” In addition, Ella owned a residence in South Carolina (value $95,000). The expenses of the estate were higher than expected. As such, Ryan never received his $2,000. Which item is part of the residuary?
Choice 1 The home in Maine.
Choice 2 The Picasso painting.
Choice 3 The $21,000 from Wachovia.
Choice 4 None of the above.

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