Megan, Who Has No Heirs or Next of Kin, Makes

question 76

Multiple Choice

Megan, who has no heirs or next of kin, makes a will leaving her estate to her best friend, Pat. If Megan's will is witnessed by only two instead of three people as required by her state statute, upon her death her estate will:

• A) go to Pat without court involvement.
• B) escheat to the state.
• C) go through probate, at which time the court will try to determine Megan's intent as to disposition and follow that intent.
• D) be given to a charity as determined by the probate court.

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Definitions:

Reasonable Amount

An amount that is considered fair, appropriate, and not excessive under the circumstances, often used in legal and financial contexts.

Gratuitous Promise

A pledge or commitment made without the expectation of receiving something in return, not typically enforceable as a contract.

Statute Law

Written laws passed by a legislative body at the federal or state level, as opposed to common law, which is derived from judicial decisions.

Early Payment

The act of settling a debt or invoice before its designated due date, which may sometimes lead to benefits such as discounts.