The Terms of a Will Currently Undergoing Probate Are: "A

question 28

Multiple Choice

The terms of a will currently undergoing probate are: "A gift to my brother David of $25,000 cash; to my son James, $50,000 from my savings account; and to my Daughter Lila, all of my remaining property." At the time of death, the balance in the savings account was $40,000, and there was additional cash (after payment of funeral expenses and all claims against the estate) of $70,000.
The gift to David is a

• A) general legacy.
• B) specific legacy.
• C) demonstrative legacy.
• D) residual legacy.
• E) devise.

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Definitions:

Human Behavior

The range of actions and mannerisms exhibited by humans in conjunction with their environment, influenced by culture, attitudes, emotions, and genetics.

Reasonable Salary

A fair and appropriate payment for work performed, considering the job role, industry standards, location, and experience level.

Scope of the Report

The range or extent of the content, objectives, and coverage detailed within a report.

Statement of Purpose

A written document that outlines an individual's intentions and objectives, often used in academic or professional applications.