All of the Following Are Correct Statements Concerning Wills, Except

question 27

Multiple Choice

All of the following are correct statements concerning wills, except: __________.

• A) Attestation is the act of witnessing the execution of a will.
• B) Most states require two (2) witnesses to the execution of the will.
• C) A will must be dated.
• D) Self-proved wills are wills that carry a presumption that they are valid if executed according to the requirements set forth by statute.

---

Definitions:

Land Improvement Costs

Expenses incurred to enhance the usability and value of land, including landscaping, paving, and installing utilities, which can be capitalized.

Initiation Fees

Fees charged to initiate a service or to join a club or organization, often as a one-time cost for new members.

Endowment Contributions

Donations endowed to an institution meant for investment to provide a continuous source of funding.

Externally Restricted

Pertains to funds or resources that are subject to restrictions regarding their use, imposed by external parties or agreements.