Examlex
Which of the following statements is most accurate?
Testamentary Trust
A trust that is created according to the instructions left in a deceased person's will and goes into effect upon their death.
Died Intestate
The situation where a person passes away without having made a legal will.
Personal Representative
A personal representative is an individual appointed to administer the estate of a deceased person, managing and distributing the estate's assets according to the will or, if there is no will, in accordance with state laws.
Administrator
The personal representative appointed by a probate court to settle the estate of a deceased person who died intestate (without leaving a valid will).
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