Where a Testatrix Executes a Will and Later Has a Child

question 8

Multiple Choice

Where a testatrix executes a will and later has a child: __________.

• A) the child is prohibited by law from receiving anything from the estate.
• B) many states hold that the will of the testatrix is partially revoked by operation of law to provide a share to the after-born child.
• C) a new will must be executed because the birth voids the original will.
• D) the after-born child takes a share by escheat.

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Definitions:

Three Column Form

A documentation format usually used in accounting and bookkeeping that showcases debits, credits, and balance for individual accounts.

Debit

An accounting entry that either increases an asset or expense account, or decreases a liability or equity account.

Credit

An accounting entry that increases liabilities and equity or decreases assets, reflecting a transaction such as the sale of goods on account.

Balance

The amount of money in a financial account, or the difference between the total debits and credits recorded in an account.