Wills and Succession
- Created by: abimcdowell
- Created on: 17-06-21 13:44
Other questions in this quiz
2. who can claim for financial provision under the IPDFA 1975?
- parents and grandparents
- friends and colleagues
- spouse or civil partner of the deceased, former spouse, children
- roommates
3. what us a residuary legacy?
- a gift of something specific such as a car or a book
- a non specific gift or money
- a percentage of the estate left as a gift
- a specific gift such as a sum of money
4. if you are married and your estate is worth under 270k, who is entitled to it on your death?
- spouse
- children
- parents
5. what is power reserved?
- where children can sign on behalf of the testator
- where an executor renounces their powers and doesn't take an active role in the administration of the estate
- where the testator lacks capacity to make the will
- where executors are chosen in the will
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