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?
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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?
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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?
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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?
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